EAC Gazette Directives 27th October 2017

Directive of the Council of Ministers on the East African Community Securities Market (Investor Education and Protection)

Scope of Directive

This Directive shall apply to all investor education activities by the Competent Authorities and licensed market intermediaries and their agents in respect of the securities markets within the Community.

Objective

The objective of this Directive is to:
(a) promote fair and equitable securities markets services practices by setting minimum standards for market intermediaries in the Partner States; (b) increase transparency in order to inform and empower investors in the securities market; (c) provide efficient and effective mechanisms for handling investor complaints relating to the provision of securities markets products; (d) establish a regulatory framework for the achievement and maintenance of investor education and protection that is fair, accessible, efficient, sustainable and responsible for the benefit of investors generally; (e) improve investor education and awareness and encourage responsible and informed investor choice and behaviour; (f) promote investor confidence, empowerment and the development of a culture of investor responsibility through individual and group education, vigilance, advocacy and activism.

[... The document continues with detailed directives on Self-Regulatory Organisations, Takeovers and Mergers, Licensing in the Securities Market, Anti-Money Laundering, Investor Compensation Funds, and Conduct of Business in the Securities Market ...]