In order to facilitate transitional arrangements in the coffee sector, the Capital Markets Authority (CMA) has issued guidance to support sector players. This follows the gazettement of the Capital Markets (Coffee Exchange), Regulations 2020, by the Cabinet Secretary for the National Treasury and Planning on 3 April 2020, which brought the Coffee Exchange and its members under the regulatory oversight of CMA.
Following amendment of the Capital Markets Act through Finance Act 2016, the Spot Commodities Market was brought under regulatory oversight of CMA. CMA is therefore mandated to license the Coffee Exchange and the Coffee Brokers. The Capital Markets (Coffee Exchange) Regulations, 2020 read together with the Crops (Coffee) General Regulations,2019 envisage that the Coffee Exchange and the Coffee Brokers will be licensed and supervised by CMA effective 01 July 2020.
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