Regulatory Alerts2016-01-01
Capital Markets Exchange Traded Funds Guidelines 2016
The Capital Markets Authority of Uganda issued these guidelines to establish minimum regulatory standards and approval procedures for Exchange Traded Funds, particularly foreign ETFs. The framework mandates defined roles for fund managers, trustees, and licensed brokers or dealers while requiring transparent pricing, daily net asset value calculations, and standardized offer documents. Issuers must comply with ongoing reporting obligations, including quarterly financial statements and annual audits, alongside a structured fee schedule for document submission and re-submission.
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