Regulatory Alerts2020-05-04
Licensing – A Core Regulatory Function in the Capital Markets
The Capital Markets Authority of Uganda mandates licensing and regular renewal for all capital market intermediaries to protect investors and ensure firms maintain requisite financial and technical capacity. Intermediaries must submit renewal applications at least thirty days before expiration, accompanied by audited accounts and fee receipts, while adhering to continuous obligations such as minimum capital and proper record-keeping. The Authority reserves the right to attach evolving conditions, including mandatory professional certification for client-facing staff, and may revoke licenses or enforce structured exit procedures for non-compliant or departing firms.
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