We have deep networks with the financial services regulators in Kenya which means we are on top of legislative changes and can provide quick and reliable advice as technology evolves.
Further, the team at Clay & Associates has been at the forefront in the development of financial regulation and in particular the Capital Markets Authority‘s Regulatory Sandbox Policy Guidance Note.
We help clients structure and document their financial services products, advise on perimeter issues, digital identity and associated AML/KYC policies, and help clients keep abreast of regulatory developments in this evolving space.
Compliance & Consumer Protection
Regulators in Kenya and across East Africa are concerned that FinTech businesses – based online – shift risk from themselves to the consumer, and that consumers may not be aware of the risks they undertake when dealing with FinTech services. Simultaneously, the FinTech space is one filled with start-ups and young enterprises; it is incumbent upon these businesses to be immediately aware of the regulations with which they have to comply and the law relating to FinTech.
We are uniquely equipped to ensure that you receive advice especially tailored to your business whether locally in Kenya, East Africa and in the COMESA region.
Where innovation and technology enhances or replaces existing market activities or is supplied to enable existing financial services players, including banks, hedge funds, brokers and insurers to operate more efficiently both from an operational or regulatory perspective.
We work with start-ups as well as with established market players and incumbents to ensure that whatever size or type of business, our clients are able to get first rate legal services.