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Capital Markets Authority (Uganda)

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Title: Capital Markets Authority (Uganda)  
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Capital Markets Authority (Uganda)

Capital Markets Authority
Agency overview
Formed 1996
Jurisdiction Uganda
Headquarters Kampala, Uganda
Employees 22 (2014)[1]
Agency executives Grace Kavuma,
Chairman
Keith Kalyegira,
Chief Executive Officer
Website Homepage

The Capital Markets Authority (CMA) is a semi-autonomous government body responsible for the financial regulation of the capital markets industry in Uganda.

Overview

The Uganda CMA approves the offers of all securities to the public, licenses market professionals like broker-dealers, investment advisers and fund managers. It licenses stock exchanges and has so far issued a licence to one stock exchange; 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 the markets participants are self-regulatory to the maximum practicable extent, and 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

References

  1. ^ CMA, . (2014). "Capital Markets Authority Team". Capital Markets Authority (CMA). Retrieved 6 July 2014. 
  2. ^ Oketch, Martin Luther (31 December 2011). "Harsh Economy Hurts Capital Markets".  
  3. ^ Ligami, Christabel (6 November 2013). "CMA Uganda Appoints New Chief Executive Officer".  
  4. ^ Kulabako, Faridah (7 November 2013). "Kalyegira Is New Capital Markets Chief Executive".  

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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