Regional Regulations

CISI Regulations and Market Practice (Kenya) Exam Prep & Mock Exams

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250 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.

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250 practice questions across 5 mock exams · 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
Study material organised by syllabus

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* This is a chapter sample. All audio is available in the full version.

Syllabus

Module 1: Chapter 1: The Regulatory Framework 10 marks out of 50

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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

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From finance professionals who prepared and passed their CISI exams.

The specific timelines for the Nairobi Securities Exchange and CMA licensing requirements are covered brilliantly. Passed the Kenya RMP paper on my first attempt.

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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 chapter study tools.

Exam Preview

Market Disclosures

Question 1 of 15

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?

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Focus Learn

Key Examinable Areas7

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.

Common Pitfalls to Avoid3

Exam Traps3

Key Numbers7

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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Exams Academy vs. Traditional Training

Feature	Exams Academy	Traditional Providers
Access Period	Lifetime Access	30 - 90 Days
Practice Exams	Unlimited Retakes	1 - 2 Static Mocks
Study Support	Instant 24/7 AI Tutor	Email Support
Cost	$151 (One-Time)	$300+ (Recurring)

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Preview of CISI Regulations and Market Practice (Kenya)

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 topic; the full course provides complete mock exams and syllabus coverage.

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.

Exam Format & Details

Assessment	50 multiple-choice questions
Duration	60 Minutes
Standard Pass Mark	70%

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.

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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Practice

Best CISI Kenya Regulations & Market Practice Mock Exams & Free Sample Papers

Prepare for your CISI Kenya Regulations and Market Practice exam with our best mock exams and free sample papers, featuring hourly syllabus tracking.

Practice

Passing the CISI Kenya Regulations and Market Practice Exam

Master the CMA Kenya regulatory framework, licensing rules, market conduct, and trading systems to pass your CISI Kenya RMP exam on the first attempt.

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