The Capital Markets Authority of Uganda (CMA) is a semi-autonomous government body responsible for the

financial regulation Financial regulation is a broad set of policies that apply to the financial sector in most jurisdictions, justified by two main features of finance: systemic risk, which implies that the failure of financial firms involves public interest consi ...

of the capital markets industry in

Uganda Uganda, officially the Republic of Uganda, is a landlocked country in East Africa. It is bordered to the east by Kenya, to the north by South Sudan, to the west by the Democratic Republic of the Congo, to the south-west by Rwanda, and to the ...

Overview

The CMA approves the offers of all

securities A security is a tradable financial asset. The term commonly refers to any form of financial instrument, but its legal definition varies by jurisdiction. In some countries and languages people commonly use the term "security" to refer to any for ...

to the public and licenses market professionals like

broker-dealer In financial services, a broker-dealer is a natural person, company or other organization that engages in the business of trading securities for its own account or on behalf of its customers. Broker-dealers are at the heart of the securities and ...

s, investment advisers, and

fund manager Fund may refer to: * Funding is the act of providing resources, usually in form of money, or other values such as effort or time, for a project, a person, a business, or any other private or public institution ** The process of soliciting and gathe ...

s. It licenses

stock exchanges A stock exchange, securities exchange, or bourse is an Exchange (organized market), exchange where stockbrokers and stock trader, traders can buy and sell security (finance), securities, such as share (finance), shares of stock, Bond (finance) ...

but has so far issued licences only to the

Uganda Securities Exchange The Uganda Securities Exchange (USE) is the principal stock exchange of Uganda. It was founded in June 1997. The USE is operated under the jurisdiction of Uganda's Capital Markets Authority, which in turn reports to the Bank of Uganda, Uganda's ...

and ALTX East Africa Securities Exchange. Its overall objectives are market regulation and investor protection.

Mandate

*The development of all aspects of the capital markets with particular emphasis on the removal of impediments to, and the creation of incentives, for longer-term investments in productive enterprises. *The creation, maintenance, and regulation, through implementation of a system in which market participants are self-regulatory to the maximum practicable extent, of a market in which securities can be issued and traded in an orderly, fair, and efficient manner. *The protection of investor interests. *The operation of an Investor Compensation Fund. *The licensing of brokers and other

financial industry Financial services are service (economics), economic services tied to finance provided by financial institutions. Financial services encompass a broad range of tertiary sector of the economy, service sector activities, especially as concerns finan ...

professionals.

References

External links

Website of Uganda Capital Markets Authority Website of Uganda Securities Exchange Website of Ministry of Finance, Planning and Economic Development
{{Authority control

Finance in Uganda Regulatory agencies of Uganda Kampala District Securities and exchange commissions

Overview

Mandate

See also

References

External links