Regulations and Market Practice (Kenya) study plan

Map the Kenyan regulatory architecture by listing each principal supervisory authority and stating its statutory mandate, the Act that establishes it, and its governing board or commission structure.

Distinguish the roles of the central bank, the capital markets regulator, the insurance and pensions supervisors, and the financial reporting and conduct bodies, noting where mandates overlap and how coordination is handled.

Trace how a supervisory decision travels from rule-making through licensing to enforcement, and identify which body hears appeals against each type of decision.

Explain the hierarchy of law in Kenya from the Constitution through Acts of Parliament, subsidiary legislation and supervisory guidelines, and note how guidelines acquire binding force in practice.

Compare the licensing thresholds and permissible activities for banks, capital markets intermediaries, and other financial providers, and state which activities are reserved to licensed entities.

Outline the typical application file for a licence, including fit-and-proper assessments, capital evidence, business plan, and systems and controls documentation.

Identify the ongoing conditions attached to a licence, such as capital maintenance, notification of changes in control, and reporting obligations, and describe the consequences of breach.

Describe how approvals, no-objection letters and exemptions differ from full licences, and when each route is used for market entry.

Classify securities and market intermediaries under the capital markets framework, distinguishing public offers, private placements and exempt offerings.

Summarise the disclosure obligations that attach to a public offer, including the contents and approval route for a prospectus, and the continuing obligations of listed issuers.

Explain the licensing and conduct rules for brokers, dealers, investment advisers and fund managers, and how client money and custody are treated.

Describe the regulation of collective investment schemes and the role of trustees and custodians in safeguarding scheme assets.

Explain the core prudential framework for banks, covering minimum capital, liquidity and large-exposure limits, and how these ratios are calculated and reported.

Describe the supervisory toolkit used for a distressed bank, including early intervention, remedial directions, receivership and resolution, and who triggers each step.

Outline the rules on significant shareholdings and changes in control, and the approval process for acquisitions of stakes above the notification threshold.

Distinguish the treatment of deposit-taking, lending and payment services, and note which activities require separate authorisation.

Apply the risk-based approach by classifying a set of customer scenarios into low, medium and high money-laundering risk and justifying each rating.

Describe the four core obligations of a reporting institution: customer due diligence, record-keeping, ongoing monitoring and suspicious transaction reporting, and state the timelines involved.

Explain beneficial ownership identification and the treatment of politically exposed persons, correspondent relationships and new technologies.

Summarise the sanctions framework, including how sanctions lists are screened, how matches are escalated, and the difference between a sanctions freeze and a suspicious transaction report.

Summarise conduct-of-business duties covering fair treatment, disclosure of charges, suitability and complaints handling, and identify the escalation route for a rejected complaint.

Explain the segregation and reconciliation rules for client assets, including how shortfalls are detected and remedied.

Describe the structure of the trading venues and the order lifecycle, from order entry through execution, clearing and settlement.

Explain the settlement cycle, the role of the central securities depository and settlement guarantee arrangements, and what happens on a failed trade.

Distinguish insider dealing, market manipulation and false or misleading disclosure, and identify the conduct elements that establish each offence.

Explain the disclosure regime for inside information, including when and how information is published, permitted delays, and insider lists and dealings by persons with managerial responsibility.

Describe the data protection principles that apply to client and employee data, covering lawful basis, subject rights, breach notification and cross-border transfer restrictions.

Outline record-keeping and confidentiality duties, including retention periods, permitted disclosures to regulators, and how confidentiality interacts with whistleblowing.

Consolidate the full syllabus by re-testing the weakest two domains identified from earlier deliverable scores and correcting every recurring error.

Practise timed mixed-domain questions under exam conditions to build pacing across the 15/13/12/12/10/10/8/8/8 weighting.

Rehearse concise written answers that cite the responsible authority and the governing instrument for each point.

Review the regulatory architecture map and the AML framework one final time to lock in cross-domain links between supervision, licensing and financial crime controls.