# Kenya unit trust and money market regulation > Live situation record from CLSTR: https://clstr.news/situations/kenya-unit-trust-and-money-market-regulation > Updated: 2026-10-27T08:34:54.000Z. Sources: 2. Developments: 2. Kenya’s Capital Markets Authority (CMA) has proposed a new regulatory framework to introduce independent risk ratings for unit trust funds and their managing companies. This initiative seeks to increase transparency as the collective investment schemes market nears KSh1 trillion, with approximately 4.1 million investors participating in 320 funds as of mid-2026. The proposed system would implement two types of ratings: fund ratings to evaluate portfolio-specific risks like liquidity and asset quality, and manager ratings to assess governance and operational track records. CMA Chief Executive Wycliffe Shamiah indicated that the regulator is reviewing international models to decide if these ratings will be mandatory or advisory. In the broader market, money market fund yields have shown significant variation, with top performers reporting annual rates above 11% while others remain near 5%. Investors continue to balance these funds against other options such as the Nairobi Securities Exchange and traditional savings accounts. ## Timeline ### 2026-10-27: Kenya money market fund yields and investment options Kenya's money market funds show diverse yields, led by Cytonn at 11.11%. Investors continue to balance high-yield funds against the stability of savings accounts and the growth potential of the Nairobi Stockt- 2 sources. https://clstr.news/cluster/kenya-money-market-fund-yields-and-investment-options ### 2026-10-14: Kenya's CMA proposes risk ratings for unit trust funds Kenya’s Capital Markets Authority is proposing independent risk ratings for unit trust funds and managers to enhance transparency as the sector nears KSh1 trillion in assets. 3 sources. https://clstr.news/cluster/kenyas-cma-proposes-risk-ratings-for-unit-trust-funds --- Cite as: Kenya unit trust and money market regulation. CLSTR, https://clstr.news/situations/kenya-unit-trust-and-money-market-regulation