The Authority instituted the Sandbox Review Committee (SRC) in March 2019 to operationalize the Regulatory Sandbox in Kenya’s Capital Markets.

The primary mandate of the Committee is:

  • To undertake the review of applications for admission into the CMA regulatory sandbox.
  • To monitor the implementation of test plans and the transition process after the firms exit the sandbox.
  • To serve as a channel for information sharing, both internally and externally.
  • To review and inform policy and legislative amendments relating to the products or service innovations arising from the sandbox.
  • To provide tailored regulatory support and technical advice when required to the regulatory sandbox participants.
  • To provide feedback on enquiries made by potential regulatory sandbox participants and admitted participants.
  • To work with innovators to build appropriate consumer protection safeguards into new products and services.

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