The Capital Markets Authority (CMA) is an autonomous body, established in 1996 under the Capital Markets Authority Act (Cap 84) to promote, develop and regulate the capital markets industry. CMA is governed by a Board of Directors appointed by the Minister of Finance, Planning and Economic Development. The CMA is mandated by law to:
- Approve prospectuses and other offering documents under which securities are offered to the public;
- Develop the capital markets through removal of impediments and the creation of incentives for longer term investments in productive enterprises.
- Create, maintain and regulate a market in which securities can be issued and traded in an orderly, fair and efficient manner.
- Cooperate with, any foreign regulatory authority in the performance of its duties; •
- Implement regional and international standards and best practice in securities markets, securities regulation and supervision;
- Protect investors; and
- Operate an investor compensation fund.
The CMA Act has been amended twice since 1996.The work of the CMA is also governed by the Securities Central Depositories Act, 2009 and the Collective Investment Schemes Act,2003.
To deliver on its mandate efficiently and effectively, CMA is seeking to hire qualified and self-motivated individuals to fill the following positions;