CMA grants consent to register a unit trust scheme

As part of the process of broadening the scope of capital markets players, the Capital Markets Authority has approved the grant of several licenses.

The licenses approved include; an investment bank license to EBI Investment Corporation, REITS trustee licenses to Housing Finance Company of Kenya and Co-operative Bank of Kenya, and a Fund Manager’s  to Natbank Trustee and Investment Services Limited.

The Authority approved the grant of the licenses after a review of the documents from the applicants, which complied with the Capital Markets Act and Regulations.

Meanwhile, the Authority has also granted consent for Pan Africa Asset Managers to register the Pan Africa Unit Trust Scheme, following satisfaction that the documents submitted complied with the provisions of the Capital Markets (Collective Investment Schemes) Regulations, 2013.