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6
May
    CMA Approves Registration of Diaspora Unit Trust Funds

The  Capital  Markets  Authority  (CMA)  has  approved  the application  for  consent  to  register  a  Diaspora  Unit  Trust  Funds  Scheme  by  InvesteQ  Capital  Limited.
According to the Authority’s Chief Executive, Mrs. Stella Kilonzo, the unit trust fund, is welcome as it targets Kenyans in the Diaspora, and  it will operate pursuant to the procedures prescribed in the  Capital Markets Act and Capital Market (Collective Investment Scheme) Regulations, 2001.

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