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Regional Regulations
CISI Regulations and Market Practice (Kenya)
Guarantee your first-attempt success with our smart approach for learning and memorizing. Replace boring workbooks with an interactive mentor that dramatically increases your passing rate and mastery of the CMA Kenya regulations.
200 Practice Questions Detailed Study Notes Realistic Mock Exams
Course syllabus information reviewed for 2026. Always check the awarding body’s latest official syllabus and candidate updates before booking or sitting your exam.
Exactly what is included
- 5 mock exams × 50 questions · 200 unique questions · 250 total question slots · unlimited retakes
- Focus Learn · key areas, pitfalls, exam traps & key numbers
- Flashcards · fun, fast and effective recall
- Exam cheat sheet · key facts, rules and numbers by chapter
- Audio Learning · every chapter in audio
- AI Analyzer & Mentor · pinpoints your weak areas
- Study Mode Exams · learn while you train
- AI Chat trained specifically for this exam
- Community-polished data, improved every day
- Up-to-date, accuracy-checked content
AI Audio Summaries New
Listen to course modules on the go. Perfect for studying while driving or commuting.
🎧 Audio
* This is a chapter sample. All audio is available in the full version.
CISI Regulations and Market Practice (Kenya) with Smart Practice
A complete preparation system designed for capital market professionals in Kenya to pass their CISI licensing exam on the first attempt.
Our intelligent learning platform provides you with exam-focused mock simulators, digital flashcards, and an AI tutor that explains complex CMA regulations and NSE trading rules simply.
Key Benefits
AI Audio Summaries New
Listen to course modules on the go. Practice anytime, anywhere - even while driving or commuting.
- ✓ Studio-quality AI voice narration.
- ✓ Perfect for auditory learners.
- ✓ Maximize your study time during daily commutes.
Listen to a sample
Five Full Exam Simulators
Don't just memorize - practice under pressure with multiple mock exams.
- ✓ Timed Real Exam Mode: Replicates actual environment.
- ✓ Topic-by-Topic Drill Mode: Focus on weak areas.
- ✓ Adaptive Challenge Mode: Difficulty that adjusts to you.
Interactive AI Chat Tutor
Get instant, personalized explanations for any concept.
- ✓ Breaks down complex topics simply.
- ✓ Explains why wrong answers are wrong.
- ✓ Available 24/7 for instant help.
AI Mentor & Performance Analyzer
Track your readiness and identify weak points automatically.
- ✓ Pinpoints weak syllabus areas automatically.
- ✓ Generates targeted study plans based on performance.
- ✓ Predicts exam readiness accurately.
Rapid-Recall Flashcards
Memorize key numbers, licensing fees, and timelines.
- ✓ Spaced repetition style learning.
- ✓ Focus on exact numbers, percentages, and days.
- ✓ Quick review on the go.
Syllabus
Module 1: Chapter 1: The Regulatory Framework 10 marks out of 50
🎧 Audio
The legal framework, role of the CMA, and the CMA licensing of capital market intermediaries.
- • CAP 485A of the Laws of Kenya
- • Role and Powers of the CMA
- • Capital Markets Tribunal
- • Licensing requirements and fees
- • Regulatory Sandbox
Module 2: Chapter 2: Licensing and Capital Adequacy of Market Intermediaries 4 marks out of 50
Different categories of licensees, their required paid-up capital, and ongoing financial ratios.
- • Paid-up capital requirements
- • Liquid capital and working capital ratios
- • Ongoing reporting obligations
Module 3: Chapter 3: Governance and Controls of Market Intermediaries 8 marks out of 50
Corporate governance, internal audit, risk management, compliance officer roles, and AML/CFT rules.
- • Board responsibilities and internal controls
- • Independent functions (Risk, Audit, Compliance)
- • AML / CFT legislation & Financial Reporting Centre (FRC)
- • Record keeping and client asset segregation
Module 4: Chapter 4: Conduct of Business 15 marks out of 50
Suitability, client money, conflict of interest, advertising, best execution, related-party transactions, and listed company disclosure rules.
- • Client onboarding and suitability
- • Client money rules and segregated trust bank accounts
- • Conflicts of interest and advertising rules
- • Best execution and order priority
- • Related-party transactions and shareholder approvals
- • Price-sensitive disclosures for listed companies
Module 5: Chapter 5: Markets and Trading Rules 8 marks out of 50
Clearing, settlement, novation, securities lending, NSE market segments (MIMS vs GEMS), and market abuse.
- • Nairobi Securities Exchange (NSE) segments
- • Order routing & Automated Trading System (ATS)
- • Central Counterparty (CCP), clearing and novation
- • Securities lending and borrowing (SLB)
- • Market manipulation and insider trading penalties
Module 6: Chapter 6: Investment Funds 5 marks out of 50
Collective Investment Schemes (CIS), REITs (I-REIT vs D-REIT), and registered venture capital companies.
- • Collective Investment Schemes (CIS) and portfolio limits
- • Valuation, dealing and redemptions
- • REIT managers, trustees, borrowing limits, and size requirements
- • Registered Venture Capital Companies (VCCs) regulations
Student Reviews
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Alphas O.
· Jul 1, 2026
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CISI Academy learner feedback
Official study prep is top notch
As a stockbroker candidate, this syllabus guide and official partner resources were vital for my preparation. Passed Kenya RMP on my first attempt.
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Hassan Z.
· Aug 3, 2026
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Highly recommend
I tried reading the official book but it was too dense. These questions are challenging and the detailed feedback for every answer makes learning so much faster.
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Omar T.
· Aug 2, 2026
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Highly recommend
I tried reading the official book but it was too dense. These questions are challenging and the detailed feedback for every answer makes learning so much faster.
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· Jul 29, 2026
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CISI Academy learner feedback
Highly recommend
I tried reading the official book but it was too dense. These questions are challenging and the detailed feedback for every answer makes learning so much faster.
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Phyllis N.
· Jul 2, 2026
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Highly professional
The material is structured beautifully and covers all 6 chapters of the workbook. Excellent for the Kenya regulations certification.
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Evans K.
· Jun 27, 2026
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CISI Academy learner feedback
Best in the market
Extremely detailed explanations, and the mock exams simulate the real exam style perfectly. Passed yesterday.
Frequently Asked Questions
The pass mark for the CISI Kenya RMP exam is 70%. You must answer at least 35 out of 50 questions correctly to pass.
The exam has a duration of 1 hour (60 minutes) to complete 50 multiple-choice questions.
Yes, all materials, questions, and summaries are fully aligned with the latest syllabus version (Syllabus Version 5, 2025-2028).
Yes, we cover the 2020 Regulatory Sandbox guidelines, including eligibility, applications, and sandbox periods.
Absolutely. We have specialized summaries and flashcards covering I-REIT, D-REIT, promoter investments, borrowing limits, and VCC capital requirements.
Yes! Test your knowledge and review detailed explanations with the free CISI Regulations and Market Practice (Kenya) Mock Exam Preview below. It contains 15 exam-style questions from one named syllabus topic; the full course provides complete mock exams and syllabus coverage.
Interactive preview
Free CISI Regulations and Market Practice (Kenya) Practice Questions & Exam Preview
Try 15 CISI Regulations and Market Practice (Kenya) practice questions from Market Disclosures
Practice CISI Regulations and Market Practice (Kenya) exam questions with answers and explanations. The full course includes 5 mock exams and complete syllabus coverage.
Exam Preview
Market Disclosures
Within how many days of the books' closed date must interim dividends be paid to shareholders?
1 / 15
Flashcards
Card 1 of 10Legal Framework
Question
What are the two primary acts of Parliament governing the Kenyan capital markets?
Tap to reveal answer
Focus Learn
- Statutory Framework: Broad structures established by the Capital Markets Act CAP 485A and Central Depositories Act CAP 485C.
- Cabinet Secretary vs. CMA Powers: The Cabinet Secretary issues regulations, whereas the CMA issues guidelines, notices, and directives.
- High Court Appeal Process: Aggrieved parties can appeal a CMA decision on a point of law within 30 days of the decision date.
- General Fines & Imprisonment Penalties: Individual fines up to Kshs 5 million / 5 years prison, and company fines up to Kshs 10 million + 2x gain/loss.
- Specialized Regulations: Derivatives index fees (0.14% equity, 0.17% single stock) and Online Forex Brokers (3% gross revenue renewal fee).
- International Organizations: The role of IOSCO and the three main objectives of securities regulation.
- Regional Integration: The East African Community (EAC) Directives, the role of EASRA, and the drive for a common market infrastructure.
Chapter 1: Legal and Regulatory Framework
This chapter establishes the core statutory and regulatory architecture of the Kenyan capital markets. The primary legislation includes the Capital Markets Act CAP 485A and the Central Depositories Act CAP 485C, which establish the Capital Markets Authority (CMA) as the independent regulatory body. The Cabinet Secretary for the National Treasury holds the power to issue subsidiary regulations, while the CMA publishes guidelines, notices, and directives to ensure market fairness and order.
The regulatory framework is designed to promote the development of Kenya's capital markets, protect investors, and ensure fair, efficient, and transparent markets. The CMA is a statutory agency, and it remains accountable to Parliament. Within six months after the close of each financial year, the CMA m…
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Who Is This For?
✓ Stockbrokers and dealers in Kenya
✓ Investment advisers and analysts
✓ Fund managers and investment bank employees
✓ Compliance officers in capital market intermediaries
Career Outlook & Value
Target Roles
StockbrokerInvestment AdviserCompliance OfficerPortfolio Manager
Salary Expectation
Kshs 1,200,000 - 3,600,000+
"The CISI Kenya RMP is a required licensing qualification by the CMA for professionals executing trades or advising clients in the Kenyan capital markets."
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CISI Regulations and Market Practice (Kenya)
Course Features
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