Nairobi, March 1 -- Fund managers face up to Sh339 million in annual regulatory fees as the Capital Markets Authority (CMA) raises the licensing requirements for players in the industry.

The Capital Markets (Licensing Requirements) General Regulations 2025, which are currently before Parliament, propose an annual regulatory fee at 0.05 percent of assets under management (AUM) for unit trusts/collective investment schemes.

The new regulatory fee is higher than the current annual fees, which are set at a flat rate of Sh150,000 per fund manager.

Fund managers will have a 12-month transition period to adhere to the revised requirement upon the adoption of the regulations.

"The annual regulatory fee (for a fund manager) shall be 0.05 perce...