Regulatory Alerts2003-01-30
Added · Updated
Capital Markets Commercial Paper Guidelines 2003
Issued by Uganda’s Capital Markets Authority in January 2003, these Guidelines establish the regulatory framework for corporate bodies to issue commercial paper as a direct debt financing tool. The rules mandate minimum financial thresholds, including Ushs 1 billion in paid-up capital, profitability over two of the preceding three years, and a maximum 400% gearing ratio, alongside fixed minimum issue and lot sizes. Issuers must submit an approved information memorandum, designate financial advisers and receiving banks, maintain continuous half-yearly and annual disclosure obligations, and secure regulatory clearances or guarantees for non-listed entities.
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