Capital Markets Authority of Uganda
For other uses, see Capital Market Authority.
| Agency overview | |
|---|---|
| Formed | 1996 |
| Jurisdiction | Uganda |
| Headquarters | Kampala, Uganda |
| Employees | 22 (2014)[1] |
| Agency executives |
|
| Website | Homepage |
The Capital Markets Authority of Uganda (CMA) is a semi-autonomous government body responsible for the financial regulation of the capital markets industry in Uganda.
Overview
The CMA approves the offers of all securities to the public and licenses market professionals like broker-dealers, investment advisers, and fund managers. It licenses stock exchanges but has so far issued a licence only to the Uganda Securities Exchange. Its overall objectives are market regulation and investor protection.[2]
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 professionals.
Governance
Grace Kavuma is the chairman of the board of directors, and Keith Kalyegira serves as the chief executive officer.[3][4]
See also
- Ministry of Finance, Planning and Economic Development (Uganda)
- Uganda Investment Authority
- Economy of Uganda
References
- ↑ CMA (2014). "Capital Markets Authority Team". Capital Markets Authority (CMA). Archived from the original on 5 June 2014. Retrieved 6 July 2014.
- ↑ Oketch, Martin Luther (31 December 2011). "Harsh Economy Hurts Capital Markets". Daily Monitor Mobile. Retrieved 6 July 2014.
- ↑ Ligami, Christabel (6 November 2013). "CMA Uganda Appoints New Chief Executive Officer". The EastAfrican. Retrieved 6 July 2014.
- ↑ Kulabako, Faridah (7 November 2013). "Kalyegira Is New Capital Markets Chief Executive". Daily Monitor. Retrieved 6 July 2014.
External links
- Website of Uganda Capital Markets Authority
- Website of Uganda Securities Exchange
- Website of Ministry of Finance, Planning and Economic Development
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