The current regulations, which have been in operations for close to two decades, prohibit non-bank and non-financial institutions from acting as “trustees” in collective investment schemes. PHOTO | FILE
Kenya’s Capital Markets Authority (CMA) has proposed a comprehensive review of rules governing the operations of Collective Investment Schemes (CISs) to check dominance of commercial banks.
The review of the Collective Investment Schemes Regulations, 2001, also seeks to introduce a harmonised criteria of valuing assets held by CISs in line with international best practices.
