CMA Licenses New Authorised Securities Dealer and Corporate Trustee to Deepen Market Development
Nairobi, 15 July 2025…… The Capital Markets Authority has granted two new licenses aimed at enhancing investor confidence and promoting capital markets development in Kenya.
To support efforts in improving liquidity within the fixed income market, the Authority has licensed Fintrust Securities Limited as an Authorised Securities Dealer (ASD). As an ASD, Fintrust will be permitted to buy and sell fixed-income securities on behalf of clients, quote bid and offer prices for various instruments, and provide advisory services—contributing to greater price discovery and trading efficiency.
In line with Regulation 31 of the Capital Markets (Collective Investment Schemes) Regulations, 2023, Stanbic Bank Kenya Limited has been licensed as a corporate trustee. In this role, Stanbic Bank will be responsible for the oversight of collective investment schemes, ensuring compliance, governance, and investor protection.
These approvals reflect CMA’s ongoing commitment to strengthening market infrastructure, enhancing investor safeguards, and fostering a more vibrant and resilient capital markets ecosystem.
ENDS
BACKGROUND INFORMATION ON THE CAPITAL MARKETS AUTHORITY
The Capital Markets Authority (CMA) was set up in 1989 as a statutory agency under the Capital Markets Act Cap 485A. It is charged with the prime responsibility of both regulating and developing an orderly, fair, and efficient capital markets in Kenya with the view to promoting market integrity and investor confidence. CMA also regulates the commodity markets and online forex trading. The regulatory functions of the Authority as provided by the Act and the regulations include; Licensing and supervising all the capital market intermediaries; Ensuring compliance with the legal and regulatory framework by all market participants; Regulating public offers of securities, such as equities and bonds & the issuance of other capital market products such as collective investment schemes; Promoting market development through research on new products and services; Reviewing the legal framework to respond to market dynamics;
Promoting investor education and public awareness; and Protecting investors’ interest. For more information, please contact: Antony Mwangi, Manager Corporate Affairs & International Relations on amwangi@cma.or.ke