The Capital Markets Authority (CMA) has rolled out a new online financial reporting system for all licensed market intermediaries in Kenya.
In a statement on Monday, 12 January 2026, CMA Chief Executive Officer Wyckliffe Shamiah confirmed that the system went live on 9 January 2026 and is accessible through the authority’s online portal.
What the New System Does
- Risk-Based Capital Adequacy (RBCA) submissions: Market intermediaries must prepare and file RBCA returns and management accounts.
- Financial statements: Firms will submit complete financial statements within three months after the end of each financial year.
- Compliance assurance: The system strengthens oversight and ensures timely reporting.
Who It Affects
Licensed market intermediaries regulated by CMA, including:
- Forex brokers
- Stockbrokers
- Dealers
- Investment banks
- Fund managers
- Investment advisers
- Authorised depositaries
- REIT managers
- Corporate trustees
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Regulatory Framework
The rollout aligns with:
- Capital Markets (Licensing Requirements) Regulations, 2002
- Guidelines on Financial Resource Requirements
- Capital Markets (Online Foreign Exchange Trading) Regulations, 2017
CMA’s Broader Vision
This announcement follows CMA’s Capital Markets Soundness Report (CSMR) in November 2025, which urged the government to explore tokenised and blockchain-based Money Market Funds (MMFs).
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