Sharp Daily
No Result
View All Result
Friday, May 9, 2025
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team
Sharp Daily
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team
No Result
View All Result
Sharp Daily
No Result
View All Result
Home Business

CMA engages Genghis Capital over stakeholder debt and regulatory compliance

Huldah Matara by Huldah Matara
January 22, 2025
in Business
Reading Time: 1 min read

The Capital Markets Authority (CMA) has taken steps to address unmet contractual obligations by Genghis Capital Limited, signaling its commitment to investor protection. This follows a move by CMA to engage Genghis Capital on its outstanding debt owed to a stakeholder.

In a statement issued on Monday, CMA emphasized its proactive stance, stating that it is “engaging Genghis Capital Limited to get a roadmap on how the firm intends to address the outstanding debt owed to its stakeholder.”

Reassuring investors, the authority clarified that clients’ assets remain safeguarded in segregated accounts distinct from Genghis Capital’s funds. “CMA would like to clarify that clients’ assets are held in segregated accounts separate from the funds of Genghis Capital Limited,” the statement noted.

CMA also highlighted the regulatory framework governing the Genghis Unit Trust Scheme, underscoring its adherence to the Capital Markets (Collective Investment Schemes) Regulations 2023. These regulations mandate a clear distinction between the fund manager, custodian, and trustee roles, ensuring transparency and accountability in operations.

RELATEDPOSTS

CMA suspends trade sense limited’s license for 90 Days over regulatory breaches

March 4, 2025

CMA expands Capital Markets with new fund manager and blockchain sandbox

January 2, 2025

The authority further elaborated that funds under the Genghis Money Market Fund and Mali Money Market Fund are under the stewardship of an authorized custodian and an independent trustee. “Client assets managed under the Genghis Money Market Fund and Mali Money Market Fund are held by a duly authorized custodian and oversighted by an independent trustee,” CMA affirmed.

 

 

 

Previous Post

The impact of blockchain technology on Kenya’s banking sector

Next Post

Treasury proposes taking over CBK’s role in managing government securities

Huldah Matara

Huldah Matara

Versatile multimedia journalist with a keen interest in compelling stories that resonate with my audience. Reach out on huldahmatara12@gmail.com

Related Posts

Business

Kenya’s new digital tax: Impact on businesses and consumers

May 6, 2025
Business

Safaricom to deactivate unverified M-Pesa pay bills

May 2, 2025
Business

Kenya cracks down on betting ads to curb gambling surge

April 28, 2025
Business

Kenya eyes opportunity amid U.S. tariff shake-up

April 9, 2025
Business

Kenya extends oil supply agreement to stabilize prices

April 7, 2025
Business

Kenya Airways records profit after more than a decade of losses

March 26, 2025

LATEST STORIES

A magical birthday at the springs

May 8, 2025

PSG defeat arsenal to reach Champions League final

May 8, 2025

The hidden risks of family-owned companies

May 8, 2025

Tackling Kenya’s housing crisis with affordable solutions

May 8, 2025

President Ruto’s economic failures root of rage

May 8, 2025

Why CURBS & CPRBS suit NSSF tier II contributions

May 7, 2025

Inter Milan vs. Barcelona – A Champions League classic

May 7, 2025

AI’s ethical implication in customer interaction and marketing

May 7, 2025
  • About Us
  • Meet The Team
  • Careers
  • Privacy Policy
  • Terms and Conditions
Email us: editor@thesharpdaily.com

Sharp Daily © 2024

No Result
View All Result
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team

Sharp Daily © 2024