The Capital Markets Authority (CMA) has granted consent to Etica Capital Limited to register the Etica Unit Funds in accordance with Section 30 of the Capital Markets Act and Part II of the Capital Markets (Collective Investment Scheme) Regulations 2001.
Etica Unit Trust Funds comprise; Etica Money Market Fund; Etica Fixed Income Fund; Etica Wealth Fund, and Etica Shariah Fund.
The registration will be completed after the submission of duly executed documents for registration of the above-named Funds pursuant to the procedures prescribed in the Capital Markets Act and the Capital Markets (Collective Investment Schemes) Regulations, 2001 within three months.
The Capital Markets Authority was set up in 1989 as a statutory agency under the Capital Markets Act Cap 485A. It is charged with the prime responsibility of both regulating and developing an orderly, fair and efficient capital markets in Kenya with the view to promoting market integrity and investor confidence.
The regulatory functions of the Authority as provided by the Act and the regulations include; Licensing and supervising all the capital market intermediaries; Ensuring compliance with the legal and regulatory framework by all market participants; Regulating public offers of securities, such as equities and bonds & the issuance of other capital market products such as collective investment schemes; Promoting market development through research on new products and services; Reviewing the legal framework to respond to market dynamics; Promoting investor education and public awareness; and Protecting investors’ interest.
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