Regulatory Alerts2003-01-01
Collective Investment Schemes (Unit Trusts) Regulations 2003
Issued by Uganda’s Capital Markets Authority under the Collective Investment Schemes Act 2003, these regulations establish the comprehensive regulatory framework for licensed unit trust schemes. They mandate standardized trust deeds, define income and accumulation unit structures, and prescribe detailed rules for pricing, valuation, forward pricing, and the creation or cancellation of units. The regulations further delineate investment and borrowing limits, outline the fiduciary duties of managers and trustees, govern income allocation and reporting obligations, and provide mechanisms for scheme modification, suspension, and termination to ensure robust investor protection.
Share