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Brokers lose battle for lucrative bonds market to banks
Traders at the Nairobi Securities Exchange. Funds invested in equities earned an average return of 38 per cent. File
Stockbrokers are set to lose their grip on the bonds market following a decision by the capital markets regulators to sanction a law that will allow big buyers of treasury securities to deal directly with the Central Bank.
The Capital Markets Authority (CMA) chairman, Kung’u Gatabaki, says he has passed on to the Ministry of Finance for gazettment a new set of laws that will allow for licensing of ‘authorised securities dealers’
