Capital Markets Authority of Uganda explained

Agency Name:	Capital Markets Authority of Uganda
Jurisdiction:	Uganda
Headquarters:	Kampala, Uganda
Employees:	22 (2014)^[1]
Chief1 Name:	Grace Kavuma
Chief1 Position:	chairman^[2]
Chief2 Name:	Keith Kalyegira
Chief2 Position:	chief executive officer^[3]

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 licences only to the Uganda Securities Exchange and ALTX East Africa Securities Exchange. Its overall objectives are market regulation and investor protection.^[4]

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.

See also

• Ministry of Finance, Planning and Economic Development (Uganda)
• Uganda Investment Authority
• Economy of Uganda
• List of financial regulatory authorities by jurisdiction

External links

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

Notes and References

1. Web site: Capital Markets Authority Team . 6 July 2014 . Capital Markets Authority (CMA) . CMA . 2014 . dead . https://web.archive.org/web/20140605093209/http://cmauganda.co.ug/about_cma/cma-team . 5 June 2014 .
2. Web site: CMA Uganda Appoints New Chief Executive Officer . Christabel . Ligami . 6 November 2013 . 6 July 2014 . The EastAfrican.
3. Web site: Kalyegira Is New Capital Markets Chief Executive . Faridah . Kulabako . 7 November 2013 . . 6 July 2014.
4. Web site: Harsh Economy Hurts Capital Markets . Martin Luther . Oketch . 31 December 2011 . 6 July 2014 . Daily Monitor Mobile.