Regulatory Alerts2004-05-12
Added · Updated
Micro Finance Deposit-Taking Institutions (Licensing) Regulations 2004
The Central Bank of Uganda issued these regulations to establish comprehensive licensing criteria and procedures for micro finance deposit-taking institutions operating in the country. The framework mandates detailed applications supported by feasibility studies, capital proof, and management profiles, followed by appraisal interviews, pre-licensing inspections, and mandatory public notices. It further outlines shareholder disqualification grounds, licence conditions and fees, and the processes for granting or revoking licences to ensure a safe and sound financial sector.
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