Africa-Press – Kenya. The Capital Markets Authority (CMA) has granted approval to Safaricom Plc and Airtel Money Kenya Limited to operate as Intermediary Service Platform Providers (ISPPs).
CMA also licensed CC Kenya Securities Limited (trading as Capital.com) to operate as a Dealing Online Foreign Exchange Broker.
The licensing of both Safaricom Plc and Airtel Money Kenya Limited to operate as an Intermediary Service Platform Providers is expected to enhance competition, expand investor choice and strengthen digital access to regulated capital markets products.
A dealing broker is authorized to act as a principal and market maker in online foreign exchange trading, including opening client accounts, providing trading platforms, offering market information, monitoring positions, and issuing end-of-day reports in line with the Capital Markets (Online Foreign Exchange Trading) Regulations, 2017.
CMA has so far licensed thirteen non-dealing online forex brokers, two dealing online forex brokers and three money managers. These approvals underscore the continued growth and institutional interest in Kenya’s regulated online forex trading ecosystem.
