The growth and reputation earned by the Capital Markets Authority (CMA) of Kenya led to the CMA working towards opening its bourse to other countries across the globe. Initially, prior to making this step, the Republic of Kenya had established a Memorandum of Understanding between itself and the Eastern African Countries as the East African Securities Regulatory Authorities on matters pertaining to cross-listing. In this write-up, the focus will be on the recently adopted Guidelines that will be used for purposes of companies in the Republic of Kenya that wish to cross-list in foreign bourse and foreign companies that would like to tap into the Kenyan market by cross-listing. All these have been made possible as a result of the Policy Guidance Note on Global Depositary Receipts and Global Depositary Notes in Kenya (Policy Guide Note/ PGN) that came into effect in 2017.
The post Capital Markets Authority Securities appeared first on Ong’anya Ombo Advocates LLP.