Regulatory Alerts2005-01-01
Financial Institutions (Liquidity) Regulations 2005
The Central Bank of Uganda issued the Financial Institutions (Liquidity) Regulations 2005 to mandate all domestic financial institutions to maintain liquid assets equal to at least twenty percent of their deposit liabilities on a weekly average basis. Institutions must establish an Asset and Liability Management Committee, submit weekly liquid assets reports within four days, and provide monthly contractual and anticipated maturity analyses within ten days. Non-compliant institutions face daily civil penalties of one-tenth of one percent on deficiencies, alongside administrative sanctions such as restrictions on dividend payments, new lending, and branch expansion.
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