Stock broker licence

Regulate stock brokers<br>

  • Purpose: Regulate stock brokers<br>
  • Application Fees: 500,000 Ugx<br>
  • License Fee: 500,000 Ugx
  • Maximum Processing Time: 45 Days
  • Related Websites: <a href=""></a>
  • Validity: 1 Year
  • Contact Office: <a href="">Capital markets Authority</a>
  • Renewal Fee: 1,500,000 Ugx
  • License Type: License
  • Legal Basis: The Capital Markets Authority (Amendment) Act, 2016. The Capital Markets (Licensing) Regulations.
  • <ul><li>Completed form 1 signed by the applicant.</li><li>Certified copy of Articles and Memorandum of Association.</li><li>Certified copy of Certificate of Incorporation.</li><li>Organizational structure.</li><li>Complete CVs of Board of Directors.</li><li>Copies of the passport for the directors.</li><li>Coloured passport photos for the directors.</li><li>Complete CVs of Senior management staff.</li><li>Coloured passport photos for all the staff.</li><li>Copies of identification cards for the staff.</li><li>Capital requirement: <i>Paid up capital and reserves of not less than Ugx. 150 million for a fund manager license; For broker dealer, a net capital of Ugx. 15,000,000.</i></li><li>A full set of latest audited financial statements.</li><li>A comprehensive business plan<i>.</i></li><li>Internal controls ( risk management, operational controls, procedures manuals).</li><li>Contact details of three independent referees supporting the application.</li><li>Evidence of payment of fees.</li><li>Evidence of a Taxpayer Identification Number (TIN).</li><li>Copy of the current bank statement.</li><li>Certificate of good conduct from the police, for the Directors of the company.</li><li>Details of the custodian bank(s) in Uganda.<i><br></i></li></ul>