Regulatory Alerts2021-11-01
CMA Statement on Approval of Prospectuses for Public Offers
The Capital Markets Authority of Uganda issued this statement to clarify that its approval of prospectuses ensures full disclosure of key information but does not constitute an endorsement of the investment's merits. The document outlines the legal obligations for authorized advisers to prepare comprehensive prospectuses containing detailed financial, legal, and risk data while emphasizing that investors must conduct their own due diligence. It further warns the public to only engage with CMA-licensed entities and to report any unlicensed securities offerings to the Authority.
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