FSC inks deal with Kenya’s Capital Markets Authority

The Financial Services Commission Mauritius (FSC) and Kenya’s Capital Markets Authority (CMA) have signed a deal to strengthen technical cooperation between the two capital market regulators. 

According to CMA Chief Executive, Wyckliffe Shamiah, the agreement reinforces effective cross-border cooperation and information sharing with its African counterparts, Kenya Broadcasting Corporation (KBC) reported.

“The exchange is expected to increase knowledge and understanding of the laws and regulations in various fields such as financial instruments, market intermediaries, asset management, Fintech and other components of the financial innovation ecosystem,” Wyckliffe was quoted as saying.

He added that the technical cooperation will build internal capacity for both regulators through study tours, exchange programmes and secondments.