Regulatory Alerts2019-02-22
CMA Moves to Review Corporate Bond Guidelines to Increase Chances of Issuances
The Capital Markets Authority of Uganda is reviewing its 2003 Corporate Bond Guidelines to facilitate easier and faster access to non-bank financing for private companies and local governments. The revision aims to shift from merit-based to disclosure-based approval, broaden eligible debt products to include green and municipal bonds, and streamline the issuance process without compromising investor protection. This initiative supports the national Capital Markets Development Master Plan and follows a stakeholder consultation process initiated in 2018 to address the stagnation in corporate bond issuances since 2013.
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