Regulatory Alerts2025-01-01
Capital Markets Authority (Conduct of Business) Regulations, 2025
The Capital Markets Authority of Uganda has issued the 2025 Conduct of Business Regulations to establish comprehensive operational and ethical standards for all approved financial intermediaries, including stock brokers, fund managers, custodians, and credit rating agencies. The regulations mandate strict adherence to principles of integrity, suitability, and risk disclosure while enforcing detailed requirements for client agreements, conflict management, cold calling procedures, contract notes, and accurate record-keeping. Non-compliance triggers specific monetary penalties and disciplinary actions, with the Authority empowered to prescribe special procedures and revoke prior statutory instruments to ensure market transparency and investor protection.