The Capital Markets Authority of Kenya is a statutory agency responsible for supervising, licensing, and monitoring the activities of market intermediaries and all other persons licensed under the Capital Markets Act. Established in 1989, the CMA has been instrumental in developing Kenya's capital markets infrastructure.
About the CMA Kenya
The Capital Markets Authority (CMA) is Kenya's statutory regulatory agency established in 1989 under the Capital Markets Act (Cap. 485A). The CMA is charged with the prime responsibility of regulating and developing an orderly, fair, and efficient capital markets system in Kenya. It licenses and supervises all market intermediaries, collective investment schemes, and securities exchanges.
Regulatory Framework
The CMA has developed a comprehensive regulatory framework for forex and CFD trading in Kenya, requiring all providers to obtain appropriate licensing and meet capital adequacy standards. The authority conducts regular inspections and enforcement actions to maintain market integrity and protect investors in East Africa's most developed capital market.
- Investor Compensation Fund for eligible claims
- Capital adequacy requirements for licensed entities
- Ongoing compliance and reporting obligations
- Public register of licensed market intermediaries
CMA Kenya is the primary capital markets regulator for East Africa's most developed financial market.
Body: Capital Markets Tribunal
Visit Dispute ResolutionRelated Regulators
FSCA
ATier 2Financial Sector Conduct Authority
The Financial Sector Conduct Authority is South Africa's dedicated market conduct regulator for financial institutions. Established in 2018 as a successor to the Financial Services Board (FSB), the FSCA is tasked with protecting financial customers by ensuring fair treatment, honest practices, and responsible behaviour by financial services providers.
FSC Mauritius
BTier 3Financial Services Commission Mauritius
The Financial Services Commission of Mauritius is the integrated regulator for non-banking financial services and global business sectors in Mauritius. Established in 2001, the FSC licenses, regulates, and supervises the conduct of business activities in these sectors, contributing to Mauritius's position as a financial services hub for the Africa and India regions.
Seychelles FSA
COffshoreSeychelles Financial Services Authority
The Seychelles Financial Services Authority is the financial regulatory authority of the Republic of Seychelles, established in 2013. The FSA regulates non-banking financial services including securities, insurance, and fiduciary services. Its relatively accessible licensing process and lower capital requirements have made Seychelles a popular jurisdiction for offshore forex brokers.
MISA
COffshoreMwali International Services Authority
The Mwali International Services Authority is the regulatory body for international financial services on the island of Mohéli (Mwali) in the Comoros archipelago. MISA provides licensing for international business companies, including some financial service providers. The level of regulatory oversight is minimal, and this jurisdiction is generally considered one of the least regulated options available.
BoG
BTier 3Bank of Ghana
The Bank of Ghana is the central bank and primary financial regulator of the Republic of Ghana. Established in 1957, the BoG is responsible for monetary policy, banking supervision, and the regulation of foreign exchange activities. It oversees all banks, specialised deposit-taking institutions, and forex bureaux operating within the country.
AOFA
COffshoreAnjouan Offshore Finance Authority
The Anjouan Offshore Finance Authority is the licensing body for international financial services on the island of Anjouan (Nzwani) in the Union of Comoros. AOFA provides offshore licences for forex brokers, international business companies, and other financial service providers. The jurisdiction is known for its very low barriers to entry and minimal ongoing regulatory requirements.