By
Kepha Muiruri
Business Reporter
Nation Media Group
The Fund Managers Association (FMA) is seeking powers to police players in the industry and has begun the pursuit of a self-regulatory organisation licence from the Capital Markets Authority.
Lobby seeks powers to police fund managers
Financial sector SROs mostly serve to protect investors by establishing rules, regulations and setting standards/procedures promoting ethics, equality and professionalism.
TL;DRAI
Kenya's FMA seeks SRO status to regulate 49 fund managers controlling $24B in collective investment assets, up from 19 members. SRO licensing standardizes governance and investor protection—emerging market signal for regulated fintech infrastructure development.
655 words~3 min read
