CMA Launches New Online Financial Reporting System
The Capital Markets Authority (CMA) has launched a new online financial reporting system for licensed market intermediaries in Kenya.
Moreover, CMA CEO Wyckliffe Shamiah confirmed the system became effective on January 9, 2026, through the authority’s online portal.
Role of Market Intermediaries
Market intermediaries bridge the gap between investors, issuers, and capital markets.
Additionally, they facilitate trading in shares, bonds, and foreign exchange while offering advisory and investment management services.
These entities include forex brokers, stockbrokers, dealers, investment banks, fund managers, and corporate trustees regulated by CMA.
Therefore, the new system ensures accountability and compliance among all licensed intermediaries.
Features of the New Reporting System
The system replaces the previous portal and enhances efficiency in financial reporting.
Furthermore, intermediaries will prepare and submit Risk-Based Capital Adequacy (RBCA) and management accounting accounts.
They will also submit complete financial statements three months after the end of each financial year.
Shamiah emphasized timely submissions, urging intermediaries to comply with prescribed timelines for smooth operations.
Consequently, the system strengthens transparency and regulatory oversight in Kenya’s capital markets.
From left, Wilson Wahome- Research and Consulting Lead, Lawyers Hub Kenya, Robert Muoka- Chairman Blockchain Sub-Committee, Law Society of Kenya, Nadeem Anjarwalla, the Binance Director, East and West Africa, Duncan Muchangi – Principal, Unicorn Growth Capital
Blockchain and Future Innovations
The announcement follows CMA’s call for tokenised or blockchain-based approaches in Money Market Fund schemes.
In November 2025, CMA highlighted China’s pioneering tokenised money market fund as a global benchmark.
Unlike traditional funds, tokenised funds use digital tokens recorded on public blockchains for real-time monitoring.
Moreover, CMA believes blockchain integration will enhance transparency, flexibility, and investor confidence in Kenya’s financial sector.
Ultimately, the new reporting system aligns with global trends while reinforcing Kenya’s regulatory framework.
