The Treasury has published new regulations that give the Capital Markets Authority (CMA) powers to oversee all investment funds formally solicited from the public in a bid to rein in fraudulent and unregulated schemes where unsuspecting Kenyans lose billions of shillings.
Under new regulations published by Treasury Cabinet Secretary Ukur Yatani no one will be allowed to collect funds from the public and make investments without approval and frequent checks by the CMA.
