This even as insider trading by company employees continues to drag the reputation of Kenya’s securities market in the mud. CMA director on Regulatory Policy and Strategy Luke Ombara told the Star the regulator plans to test Regulatory Technology (Regtech) solutions in the Sandbox. Ombara said besides Regtech, Supervision technology solutions (Suptech) will be tested to detect any kind of front running among marketers. Currently, CMA is carrying out investigations into suspected insider trading in KenolKobil that occurred ahead of a planned buyout of the company by French firm Rubis Énergie SAS’. While he dashed doubts on whether Suptech can be tested in the Sandbox, Ombara said CMA has to procure it for use locally.

Source: The Star February 24, 2019 19:52 UTC