The Capital Markets Authority (CMA) has launched a new online financial reporting system aimed at improving compliance and efficiency among licensed market intermediaries in Kenya.
In a statement issued on Monday, January 12, CMA Chief Executive Officer Wyckliffe Shamiah confirmed that the platform became operational on January 9, 2026, and is accessible through the Authority’s official online services portal.
Market intermediaries — which include forex brokers, stockbrokers, investment banks, fund managers, REIT managers, investment advisers, authorised depositaries, and corporate trustees — play a central role in connecting investors to capital markets.
These institutions facilitate activities such as trading in shares, bonds, and foreign exchange and are regulated by the CMA.
According to the regulator, the newly deployed system replaces the existing online submission platform and will be used to prepare and file Risk-Based Capital Adequacy (RBCA) returns alongside management accounting reports.
In addition, intermediaries will now submit their full annual financial statements through the same system, typically within three months after the close of a financial year.
Shamiah noted that the rollout is meant to streamline reporting processes and enhance regulatory oversight. He urged all licensed entities to ensure that future RBCA submissions and related financial documents are uploaded through the new portal within the required timelines.
He also encouraged firms to reach out to the Authority should they require clarification or technical support.
The CMA stated that the platform is expected to play a key role in strengthening compliance across the capital markets sector.
Its implementation aligns with existing legal and regulatory frameworks, including the Capital Markets (Licensing Requirements) Regulations, the Financial Resource Requirements Guidelines for Market Intermediaries, and the Online Foreign Exchange Trading Regulations.
The development follows recent comments by the Authority advocating for greater adoption of emerging technologies in Kenya’s financial sector.
In its Capital Markets Soundness Report released in November 2025, CMA proposed exploring blockchain-based or tokenised models for money market funds, citing China’s pioneering use of digital tokens to enhance transparency and real-time monitoring.
According to the regulator, such innovations could modernise Kenya’s financial markets by combining traditional fund management structures with secure, decentralised technology.
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