ICIFA and CMA sign MOU

3 September 2019  

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As part of its drive to enhance the development of a talent pool for the capital market, the Capital Markets Authority (CMA) has signed a Memorandum of Understanding with the Institute of Certified Investment and Financial Analysts (ICIFA).

The CMA Chief Executive, Paul Muthaura, said the partnership will help enhance the development of a professional talent pool among capital market practitioners & Investment and Financial Analysts with a view to exploiting existing synergies between the Securities Industry Certification Programme and the Certified Investment & Financial Analysts.

The ICIFA Chief Executive Officer, Diana Muriuki, added that under the MOU, CMA and ICIFA will promote the professional development of Investment and Financial Analysts and other capital markets industry players in Kenya under the Securities Industry Certification Programme by hosting joint events including training sessions.

Other areas of cooperation include; hosting joint conferences, workshops, seminars and training sessions; joint publications and research; collaboration in the development of curriculums and adoption of industry certification and professional standards jointly with stakeholders; information sharing to enhance compliance with professional and industry standards and ethical requirements; joint support for agreed professional and industry awards; and promoting the implementation of the CPD programme for capital market practitioners.

The MOU will also support collaboration on reciprocal programmes between the Securities Industry Certification Programme and Certified Investment & Financial Analysts (CIFA) to allow for applicable exemptions as shall be agreed between the two institutions.