Capital Markets Information Toolkit

Capital Markets Information Toolkit


Welcome to the Capital Markets Authority Financial Toolkit homepage. This is where you will experience immense information to help you begin or continue planning for a protected financial future. You do not have to be a financial professional to invest in the Capital Markets. You just need to know how to get started, Capital Markets facts, research and statistics, available investment choices and opportunities for Kenyans, both in the country and abroad, market intermediaries, where to turn to for protection, issuers and investor education activities.

A) TOOLS ABOUT THE REGULATOR; WHAT YOU NEED TO KNOW ABOUT THE AUTHORITY (CMA):

This tool describes what you need to know about the Authority.

  1. Who we are – A link and brochure from the Capital Markets Authority describing what Capital Market Authority is, what it does and the composition of the Board.

  2. Our History – A link from the Capital Markets Authority describing the Capital Markets Authority history.

  3. Strategic Objectives, Vision and Mission – A link from the Capital Markets Authority describing the Capital Markets Authority strategic objectives, its vision and mission

  4. CMA and Vision 2030 – This is a link from the Capital Markets Authority demonstrating on how the Authority's role is anchored on the three key pillars of vision 2030 and summary of key projects been progressed.

  5. Main acts – A link from the Capital Markets Authority including the Central Depository Act No 4 of 2000 amended 2013 and the Capital Markets Act - Amended 2016

  6. Regulations – This includes a list and links from Capital Markets Authority with capital markets regulations arising from the Capital Markets Act.

  7. Guidelines – A link from Capital Markets Authority with a list of guidelines which includes the Code of Corporate Governance Practices for Issuers of Securities to the Public 2015 Code, Guidelines on the Prevention of Money Laundering in the Capital Markets, Management Supervision Internal Control Guidelines May 2012, Rating Agency Guidelines - Final Copy, Rating Agency Guidelines - Final Copy and Guidelines on financial resource requirements for market intermediaries.
  8. EAC Council Directives – A link from Capital Markets Authority including Gazetted EAC Council Directives, and the EAC gazette Directives 2017.
  9. Policy guidance notes – A link from Capital Markets Authority showing policy guidance note for exchange traded funds in Kenya, Policy Guidance Note on Asset Backed Securities, 2017 and Policy Guidance Note on Global Depositary Receipts and Notes-Approved July 2017.
  10. Corporate Governance for issuers – A link from Capital Markets Authority with a list of all the licensed institutions by CMA.
  11. CMA Strategic Plan – This is a link from Capital Markets Authority giving a brief of the Capital Markets Authority Strategic plan.
  12. CMA Master plan – This is a link to the Capital Markets Master Plan for 2014 to 2023
  13. News and Highlights – This is a link from Capital Markets Authority with current news and highlights regarding the market.
  14. Online Services Portal – This is a link from Capital Markets Authority with a variety of services available through the portal i.e. Application and renewal of licensing, Approvals, reporting obligations, no objection requests and how to update details.
  15. Circulars – This includes a link from the Capital Markets Authority with different circulars.
  16. Online Resource Centre Portal – This is a link to the online Resource Center portal that employs modern Information Communication Technologies to facilitate online access to the rich information held by the Resource Centre i.e. the financial statements, prospectus, research and statistics documents, news and publications among others.

  17. Financial calculator – This is a link to the Capital Markets online financial calculator

B) TOOLS TO GET STARTED; THE ABC OF INVESTING WITHIN CAPITAL MARKETS:

This tool will guide you on how to open a CDS account, make an order for trade, know your rights and responsibilities as an investor and the frequently asked questions on investments among others.

  1. How to open a CDS account, make an order for trade and a beginner's guide to investing in Capital Markets – This includes a brochure from the Capital Markets Authority guiding investors on how to open a CDS account and how to invest in the Capital Markets.

  2. Shareholders rights and responsibilities in Capital Markets – A brochure from the Capital Markets Authority describing the investors general rights and responsibilities as a shareholder.

  3. Frequently asked questions about the Authority (FAQ) – A Link from the Capital Markets Authority describing a collection of various frequently asked questions by investors.

  4. Glossary of common Capital Markets Terms English version – A brochure from the Capital Markets Authority describing a collection of various Capital Markets terms in English. (FAQ)

  5. Glossary of terms from Capital Markets Forum – This is a link from the Capital Markets Forums with glossary guiding investors through the major terms and acronyms impacting the global capital markets today & tomorrow.
  6. The Nairobi Securities Exchange and how the stock market work – This is a link from the Nairobi Securities Exchange guiding investors on how the stock market works.
  7. The Central Depository and Settlement Corporation (CDSC) – This is a link to the Central Depository and Settlement Corporation guiding investors on how CDSC works.
  8. Questions to ask before investing – This is a link to the All business website with a list of key questions that every investor should ask themselves before investing.
  9. Miracle of Compounding – This is a link to the Business Insider showing the amazing power of miracle of compounding to encourage investors to start saving early.
  10. CMA Hand Book – This is a link to the Capital Markets CMA handbook which attempts to define in simple terms some of the capital markets concepts and procedures with a view to giving the reader an easy and enjoyable readership.

C) TOOLS ON AVAILABLE INVESTMENT CHOICES: CAPITAL MARKETS PRODUCTS:

This tool describes the types of Capital Markets Products and services available and how they work.

  1. Capital Markets Products – A link from Capital Markets Authority detailing all the capital markets products available.

  2. M-Akiba bonds – This is a link to the Nairobi Securities Exchange explaining the M-Akiba bond, frequently asked questions and both English and Kiswahili prospectus.

  3. The Green bonds programme – This is a link to the Nairobi Securities Exchange explaining about the green bond programme.

  4. The Nairobi Securities Exchange (NSE) Derivatives Market – This is a link to the Nairobi Securities Exchange explaining the derivatives products and market operations.

  5. Collective Investment Schemes – This is a link from Capital Markets Authority to the Collective Investment Schemes brochure.
  6. Real Estate Investment Trust – This is a link to the REITS brochure from Capital Markets Authority and Nairobi Securities Exchange.
  7. Exchange Traded Funds – This is a link to the ETF brochure from Nairobi Securities Exchange.
  8. An Investor's Guide to Corporate Bonds – A brochure from the Securities Industry and Financial Markets Association that explains corporate bonds and how you can make money by lending your money to corporations. Put a link to the guide.
  9. Online Forex – This is a link to EGM securities the Kenya's first Non-Dealing Online Forex Broker explaining about online forex products.

D) TOOLS ON INVESTOR PROTECTION:

This tool describes how to report fraudulent activities, complaints and whistle blower portal, complaint handling procedure and important contacts that investors should know.

  1. Capital Markets Complaint Handling procedure – This is a link to the Capital Markets Complaint Handling procedure from Capital Markets Authority which includes a brief on how investors should raise their complaints when aggrieved by any licensed or approved institution by the Capital Markets Authority.

  2. Complaint form – This is a link from Capital Markets Authority where investors who are unable to use Capital Markets Authority online helpdesk system to lodge complaints have the option to download and fill in the form both in English and Swahili version.

  3. Central Depository and Settlement Corporation (CDSC) alert services – This is a link from Capital Markets Authority which guides investors on how to keep track of their investments and stay informed about their shares anywhere and at any time.
  4. Complaints Portal – This is a link from Capital Markets Authority for an online portal which is a one stop point of reference through which investors can have their complaints received and addressed.
  5. Whistleblower portal – This is a link to the online whistleblower portal where investors can report on any fraudulent or suspicious activity anonymously.
  6. Fraud and Investigation – This includes a link from the Capital Markets Authority detailing the workings of the fraud and investigation unit i.e. functions of the unit, examples of fraud offences and how to report fraudulent activity.
  7. Corruption Reporting – This is a link from Capital Markets Authority to the website detailing on the procedure of reporting corruption.

E) TOOLS TO UNDERSTANDING INVESTMENT OPPORTUNITIES:

This tool describes the investment considerations that each investor should make, process of investing in the capital markets, advice from securities regulators, understanding market risks, strategies to investing, diaspora resources and investment opportunities in Kenya.

  1. Investment considerations and the process of investing in the Capital Markets – This is a link from Capital Markets Authority with a summary of the considerations that investors should strive to know before making investment decisions and a very brief description on the process of investing in the Capital Markets.

  2. Invest Wisely: Advice from Securities Regulators – This is a link to the Securities regulators website providing basic information from the SEC and the Financial Industry Regulatory Authority (FINRA) to help you select a brokerage firm and sales representative, make an investment decision, and monitor your investments.
  3. Understanding Market Risks – This is a website from the Securities Industry Association (SIA) describing what every investor should know about the risks of investing, including market cycles, diversification, and risks with different securities.
  4. Savings and Investments for Students – This is a link from the US Securities and Exchange Commission, office of investor education and advocacy guiding students on how to save and invest wisely.
  5. Savings and Investment tips for all ages – This is a link from the bank rate website showing the nine strategies for saving and investing for all ages to boosting savings and investments.
  6. Tips for choosing a savings account when interest rates increase – This is a link from the bank rate with 7 tips for choosing a savings account when interest rates increase.

F) TOOLS FOR DIASPORA AND FOREIGN INVESTORS:

  1. Diaspora Resources – This is a link from Capital Markets Authority describing how Kenya is one of the most attractive destinations for investment in Sub-Saharan Africa, with a financial infrastructure that provides security, stability and opportunity for growth.

  2. Investment opportunities in Kenya – This is a link to the Kenya Investment Authority (KenInvest) website detailing the investments opportunities available in Kenya and how to invest in Kenya.

G) TOOLS FOR ISSUERS ON LISTING:

This tool includes the process on how to list, listing rules, listed companies, corporate actions, company announcements, listing of trading participants, nominated advisors, listing procedures and listing prospectus.

  1. Initial Public Offering – This is a link to an article on initial public offering from Capital Markets Authority explaining what investors should know about IPOs.

  2. Presentation on Listing – This is a link from Capital Markets Authority with a presentation explaining the market performance, equity financing, debt financing, benefits of raising capital through listing, factors to consider in raising capital, why the capital markets, the listing process and experience, key considerations for public offer/rights issue, bonds and commercial paper.

  3. How to List – This is a link to the Nairobi Securities Exchange brochure on how to list and the growth market segment.

  4. Listing Rules – This is a link to the listing rules at the Nairobi Securities Exchange.

  5. Listed Companies – This is a link to the Nairobi Securities Exchange website with the listed companies.

  6. Growth Enterprise Market Segment – This is a link to the Growth Enterprise Market brochure from Capital Markets Authority describing the listing requirements of the Growth Enterprise Market.

  7. Nominated Advisors – This is a link to the Nairobi Securities Exchange with the nominated advisors.

  8. Listing procedures – This is a link with the procedures that a company should follow to become listed in the Nairobi Securities Exchange.

  9. Listing Prospectus – This is a link to the Nairobi Stock Exchange Listing Prospectus

  10. Frequently asked questions on the corporate governance code – This is a link to the corporate governance code March 2017 from Capital Markets Authority.(FAQ)

  11. Policy Incentives – A link from Capital Markets Authority to the financial sector reforms budget outcome.

  12. Licensing Checklists – This is a link from Capital Markets Authority website reflecting a summary of application requirements for various categories of applications that can be made with the Authority for approval to operate as a market intermediary, approved institution or issuer of securities within the Kenyan capital market

  13. Application processing times – This is a link from Capital Markets Authority website with the application forms for a license /renewal of license to conduct business in the capital markets.

  14. Online Services Portal – This is a link from Capital Markets Authority with a variety of services available through the portal i.e. Application and renewal of licensing, Approvals, reporting obligations, no objection requests and how to update details.

H) TOOLS ON CAPITAL MARKET RESEARCH AND STATISTICS:

This tool guides investors on the modern information communication technologies to facilitate online access to the rich information held by the Capital Markets Resource Centre, access to quarterly bulletin, capital markets soundness report, market statistics and information service.

  1. Quarterly Statistical bulletin – This is a link for the Capital Markets Authority Quarterly statistical bulleting which is developed to appraise market stakeholders on the key quarterly Capital markets statistics that highlight the performance of Kenya's Capital Markets from the year 2009 to date.

  2. Capital markets soundness report – This is a link to the capital markets soundness report which has a review of the quarterly market performance for both global, regional and local capital markets.

  3. Market Statistics – This is a link from the Nairobi Securities Exchange showing the market snapshot, equities and bonds statistics.

  4. My NSE – This is a link to the Nairobi Securities Exchange where investors can get real time tracking of the market.

  5. Online Resource Centre Portal – This is a link to the online Resource Center portal that employs modern Information Communication Technologies to facilitate online access to the rich information held by the Resource Centre. The Resource Centre Portal is geared towards making more information content available online and to remove geographical barriers in accessing of the same.

  6. Frequently Asked Questions about the Resource Centre Portal – A link from Capital Markets Authority with the solutions to the frequently asked questions on the Resource Centre Portal.(FAQ)

  7. Key Market Statistics – This is a link with the key market statistics from the Nairobi Securities Exchange

  8. EASRA Stats – A link from Capital Markets Authority with the EAC Capital Markets Dataset.

  9. Financial Sector Stability Report – This is a link with the Kenya financial sector stability report from 2010 to date.

  10. Publications – A link from Capital Markets Authority with all capital markets publications.

I) TOOLS ON INVESTOR EDUCATION ACTIVITIES:

A link with activities undertaken by the capital Markets Authority i.e. videos, news and events, pictorials, documentary, interviews and talks.

  1. Videos – A link from Capital Markets Authority with videos for the initiatives held by the capital markets Authority.

  2. News and Events – A link from Capital Markets Authority to all Capital Markets Events and Publications.

  3. Pictorials – A link from Capital Markets Authority with all Capital Markets pictorials

  4. Documentary – A link from Capital Markets Authority to all Capital Markets documentaries.

  5. Interviews and Talks – A link from Capital Markets Authority with all past and present interviews and talks.

J) TOOLS FOR MARKET INTERMEDIARIES:

This are links including the certification, information for intermediaries and tools on topical issues.

  1. Certification – This is a link from Capital Markets Authority including all the certification information.

  2. Information for intermediaries – This is a link from Capital Markets Authority including the frequently asked questions on the code of corporate governance for issuers of securities to the public 2015 and the market certification and standards.

  3. Complaints handling policy for market intermediaries – This is a link from Capital Markets Authority with the complaints policy.

  4. No objection Checklist request – This is a link from Capital Markets Authority website with the checklist for change of place of business, shareholding, directors and key personnel.

  5. Online Services Portal – This is a link from Capital Markets Authority with a variety of services available through the portal i.e. Application and renewal of licensing, Approvals, reporting obligations, no objection requests and how to update details.

K) OTHER IMPORTANT INFORMATION SOURCES:

This are links to Capital Markets Authority partners.

  1. The National Treasury

  2. Nairobi Securities Exchange (NSE)

  3. Central Depository & Settlement Corporation (CDSC)

  4. International Organization of Securities Commissions (OICV - IOSCO)

  5. Central Bank of Kenya (CBK)

  6. Retirement Benefits Authority (RBA)

  7. Insurance Regulatory Authority (IRA)

  8. Financial Reporting Centre (FRC)

  9. East African Securities Regulatory Authority (EASRA)

  10. Capital Markets Authority Uganda

  11. Capital Markets and Securities Authority Tanzania

  12. Capital Markets Authority Rwanda

  13. Central Bank of Burundi

  14. Unclaimed Financial Assets Authority

L) YOUTHS/STUDENTS CORNER

This are links appropriate for the students and the youths.

  1. Savings and Investments for Students – This is a link from the US Securities and Exchange Commission, office of investor education and advocacy guiding students on how to save and invest wisely.

  2. Videos – A link from Capital Markets Authority with videos for the initiatives held by the capital markets Authority.

  3. Pictorials – A link from Capital Markets Authority with all Capital Markets pictorials

  4. Documentary – A link from Capital Markets Authority to all Capital Markets documentaries.

  5. Online Resource Centre Portal – This is a link to the online Resource Center portal that employs modern Information Communication Technologies to facilitate online access to the rich information held by the Resource Centre. The Resource Centre Portal is geared towards making more information content available online and to remove geographical barriers in accessing of the same.

  6. Miracle of Compounding – This is a link to the Business Insider showing the amazing power of miracle of compounding to encourage investors to start saving early.

  7. CMA E-Recruitment Portal – This is a link to the Capital Markets online e-recruitment portal.

  8. Financial calculator – This is a link to the Capital Markets online financial calculator

  9. Crossword Puzzle

  10. Facebook

  11. Twitter

  12. Youtube

  13. Linkedin

 

The Capital Markets Authority has provided this information as a service to investors. As a matter of policy, disclaims responsibility for any private publication or statement by any of its employees or agents. The Capital Markets Authority takes no responsibility for any consequences arising from decisions taken on the basis of the contents of this presentation. For more information or clarification, please refer to our regulations on the same which are available at our website: www.cma.or.ke


Capital Markets Information Toolkit