Online Forex Trading Regulations
4th Sep 2017 |  Corporate and Finance    Technology, Media and Telecommunications  

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Through Gazette Notice Vol. CXX-No. 126 dated 1st of September 2017, the Capital Markets Authority issued the Capital Markets (Online Foreign Exchange Trading) Regulations, 2017. The regulations seek to provide the requisite regulatory framework to safeguard effective and secure online forex trading by fostering investor protection, integrity, fairness, market confidence and proper conduct by forex brokers. This now provides a legal framework for the online trading of foreign currency and is expected to aid in ensuring potential traders have a safer trading environment, facilitate diversification of financial activities and will serve to strengthen Nairobi’s position as a financial hub

Source: The Kenya Gazette  |   Read More

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