In our latest legal alert, we examine Kenya’s new Capital Markets (Licensing Requirements) (General) Regulations, 2025, which repeal the 2002 regime.
We highlight the expansion of the regulatory perimeter to cover digital platforms, OTC systems and algorithm‑driven advisory services, the introduction of risk‑based supervision and continuous reporting, recalibrated capital thresholds, and strengthened fit‑and‑proper requirements.
These changes mark a transition to a more activity‑based, supervisory‑led framework, consistent with global trends, and will require market participants to reassess licensing, compliance and operational readiness under the revised regime.
Immanuel Nzaku, Jonathan Koskey, Ashley Mbula
Read the full article here: https://kn.co.ke/capital-markets-licensing-regulations-2025/