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CMA admits two new firms to the regulatory sandbox

THE STANDARD BUSINESS Director Regulatory Policy and Strategy Luke Ombara with  CMA Head of Marketing for SSA Dr. Alex Mswaka shake hands when the Association of Chartered Certified Accountants and the Capital Markets Authority signed an MoU to undertake joint financial literacy initiatives for an additional period of two years.[Wilberforce Okwiri] The Capital Markets Authority (CMA) has admitted KOA Save Africa Limited and Moneto Ventures Limited to the Regulatory Sandbox. The two firms will test their innovations in a live capital market environment, in compliance with the CMA Regulatory Sandbox Policy Guidance Notes (PGN), in line with the commitment to develop and deepen the capital markets by facilitating the deployment of financial technology (fintech).

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