The Capital Markets Authority (CMA) is a statutory body, established in 1996 by the Capital Markets Authority Act (Cap 84) as amended, 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 prospectus 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 work of the CMA is also governed by the Securities Central Depositories Act, 2009 and the Collective Investment Schemed Act, 2003.