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Digital News

Capital Markets Authority draft policy open to public debate

By Standard Reporter | Aug. 6, 2015

The Capital Markets Authority (CMA) has announced the commencement of a 30-day public exposure of a draft Policy Guidance Note (PGN), which will be used to guide the operation of Exchange Traded Funds (ETFs) in Kenya.

The note and the activities commenced in line with it are subsequently expected to inform the development of a comprehensive legal and regulatory framework. An Exchange Traded Fund is an investment fund such as a unit trust that is traded on a securities exchange. An ETF can be a domestic or offshore product.

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