Clay & Associates Advocates

A stockbroker licence from the Capital Markets Authority (CMA) is one of the core intermediary licences under Kenya’s capital markets regime, required for any firm that […]

Coffee trading in Kenya moved from the Agriculture and Food Authority’s Coffee Directorate to the Capital Markets Authority (CMA) in 2020, when coffee exchanges became a […]

Anyone offering digital lending in Kenya needs to be licensed by the Central Bank of Kenya (CBK). This area is in the middle of a significant […]

Commodity Exchange and Commodity Broker Licensing in Kenya operates under the Capital Markets (Commodity Markets) Regulations, 2020 (Legal Notice 41 of 2020), which creates two distinct […]

Registered venture capital companies are, like credit rating agencies, an approval category under section 23(2) of the Capital Markets Act rather than a licence category. Registration […]

Credit rating agencies occupy a distinct position in Kenya’s capital markets framework. Unlike a stockbroker, dealer, fund manager, or investment adviser, which must be licensed under […]

Online forex money managers occupy a distinct licence category under Kenya’s capital markets regulations, separate from both dealing and non-dealing forex brokers. Firms that manage client […]

A Non-Dealing Online Forex Broker Licence is required as Kenya’s online forex trading market has grown fast, and so has the regulatory framework around it. Any […]