Press Release
CMA to participate in World Investor Week 2020
Nairobi, 01 October 2020…The Capital Markets Authority (CMA) has announced its participation in the World Investor Week (WIW) 2020 taking place from 5 to 11 October 2020 to enhance investor awareness, education and protection.
The fourth edition of the week-long WIW campaign is an initiative of the International Organization of Securities Commissions (IOSCO), the global standard setting body of capital markets regulators. The global outreach by capital markets regulators and related institutions seeks to raise awareness about the importance of investor education and protection.
During the WIW 2020, CMA will leverage technology and conduct social media campaigns, webinars on investor protection and capital market products and collaborate with market intermediaries to deepen awareness.
The CMA Acting Chief Executive, Mr. Wyckliffe Shamiah observed, ‘’The Authority appreciates the pivotal role that financial literacy plays in enhancing understanding and uptake of capital market products. Our strategy has been refined with the onset of Covid-19, where technology-driven initiatives have emerged as key delivery channels for financial literacy to enable investors make informed investment decisions, especially with the increased cases of unsolicited investment opportunities some of which are fraudulent’’.
Mr. Shamiah said the capital markets is expected to play a key role in the Post-Covid Economic Recovery Strategy in Kenya by facilitating access to long term capital to support Government programmes including the Big Four Agenda.
Mr. Shamiah added the initiative will boost the Authority’s Investor Awareness Strategy, which has seen CMA reach over 500,000 people both locally and globally by leveraging technology and edutainment activities as well as new and traditional media to reach all players. Technology is expected to play a key role in delivery of financial literacy initiatives and programmes.
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BACKGROUND INFORMATION ON THE CAPITAL MARKETS AUTHORITY
The Capital Markets Authority (CMA) was set up in 1989 as a statutory agency under the Capital Markets Act Cap 485A. It is charged with the prime responsibility of both regulating and developing an orderly, fair and efficient capital markets in Kenya with the view to promoting market integrity and investor confidence. The regulatory functions of the Authority as provided by the Act and the regulations include; Licensing and supervising all the capital market intermediaries; Ensuring compliance with the legal and regulatory framework by all market participants; Regulating public offers of securities, such as equities and bonds & the issuance of other capital market products such as collective investment schemes; Promoting market development through research on new products and services; Reviewing the legal framework to respond to market dynamics; Promoting investor education and public awareness; and Protecting investors' interest. For more information, please contact Capital Markets Authority Head of Corporate Communications, Antony Mwangi on This email address is being protected from spambots. You need JavaScript enabled to view it.
