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Fund managers, invest advisers stare at higher licensing charges
Capital Markets Authority (CMA) CEO Wycliffe Shamiah during the Capital Markets Soundness Report media briefing at the authority's offices on January 30, 2023. PHOTO | DIANA NGILA | NMG
Invest advisors and fund managers who hold licences from the Retirement Benefits Authority (RBA) face higher licensing fees in new proposals published by the Capital Markets Authority (CMA).
According to the Draft Capital Markets Licensing Requirements Regulations published last week, persons or firms applying to be investment advisers will be required to pay Sh100,000 for a permit and renewal, from the current Sh50,000.
