Wycliffe M. Shamiah, Acting Chief Executive of the Capital Markets Authority [Courtesy]The Capital Markets Authority (CMA) has facilitated the admission of seven firms in the CMA Regulatory Sandbox since its launch in March 2019. This follows the approval of the Regulatory Sandbox Policy Guidance Note (Regulatory Sandbox PGN) in March 2019. The firms admitted into the Regulatory Sandbox are Pezesha Africa, Innova Limited, Genghis Capital Limited, the Central Depository and Settlement Corporation (CDSC), Pyypl Group Limited, Belrium Kenya Limited and Four Front Management. “CMA has been at the forefront of implementing initiatives to stimulate and support the growth of FinTech and innovation within Kenya’s capital markets. It also covers the key lessons the sandbox review committee has learnt, opportunities identified so far and how these will be entrenched to make the future sandbox engagements better.

Source: Standard Digital May 17, 2021 13:18 UTC