Capital markets Authority leadership meet the DPP to foster collaboration

The Capital Markets Authority (CMA) paid a courtesy call to the Director of Public Prosecutions (DPP) aimed at strengthening the relationship between the CMA and the ODPP in a bid to foster transparency and integrity within Kenya’s capital markets sector.

The CMA officials, led by the Authority’s chairman Mr. Ugas Mohamed, and CEO Mr. Wyckliffe M. Shamiah, discussed issues relating to the enforcement of capital markets regulations, particularly those involving financial crimes, fraud, and market manipulation. They emphasized the importance of upholding the rule of law and ensuring that perpetrators of financial misconduct are held accountable.

The DPP, welcomed the partnership, recognizing the vital role of the CMA in maintaining a fair and stable financial environment. He reiterated the commitment of his office to continue collaborating with the CMA in the fight against economic crimes that undermine public confidence in the country’s financial systems.

The meeting also highlighted ongoing efforts to streamline processes for the swift prosecution of cases related to the capital markets. Both institutions agreed on the need for continued information sharing, capacity building, and proactive measures to protect investors and the broader economy from illegal activities in the market.

The Capital Markets Authority reaffirmed its commitment to working closely with ODPP to create a more secure and transparent investment environment, while also ensuring that those who breach capital markets laws face the full force of the law.