Financial Markets Bill good but needs some fine-tuning

The draft Financial Markets Conduct Bill, 2018 by the National Treasury, in my considered view, is a step in the right direction-for two reasons.

First, the financial sector has never been more ripe for conduct oversight, something which has over the years, appeared to be a function overload on the core sector regulators (Insurance Regulatory Authority, Sacco Societies Regulatory Authority, and Central Bank of Kenya).