CMA issues four licenses to financial intermediaries

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Capital Markets Authority (CMA) Chief Executive Officer Wycliffe Shamiah. PHOTO | DIANA NGILA | NMG

The Capital Markets Authority (CMA) has issued four licenses to banks and financial intermediaries as investment advisers, authorised depositories and forex trading brokers as it aims to create a secure investment environment and reinforce transparency in all listed companies.

The markets regulator said it had licensed Vedman Capital Limited, Pergoman Financial Services Limited, Diamond Trust Bank, and Admirals Kenya Limited under the Capital Markets (Licensing Requirements) (General) Regulations 2002 and one under the Capital Markets (Online Foreign Exchange Trading) Regulations, 2017.

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