REPUBLIC OF RWANDA CAPITAL MARKET AUTHORITY

CMA was established by the Law n┬░ 11/2011 of 18/05/2011.

The Authority is responsible for:

1

Implementing the Government policy on Capital Market;

2

Preparing draft policies on capital market;

3

Advising Government on policy relating to the capital market;

4

Promoting public awareness on the capital market and develop such market;

5

Elaborating action plans and conducting studies in order for CMA to achieve its mission;

6

Formulating principles and regulations for the capital market;

7

Making regulations governing capital market business in accordance with the Law regulating capital market in Rwanda;

8

Controlling and supervising all capital market activities with a view to maintain proper code of conduct and acceptable practices on the capital market;

9

Registering capital market business and related instruments provided for by the Law regulating capital market in Rwanda;

10

Issuing, suspending, and withdrawing licenses and approvals related to capital market business;

11

Seeking to achieve fairness, efficiency and transparency in the functioning of the capital market;

12

Protecting citizens and investors in capital market from unfair and unsound practices or practices involving fraud, deceit, cheating or manipulation;

13

Monitoring, supervising, and take actions with regard to the compliance with this Law and regulations thereto related as well as with the Law regulating capital market in Rwanda and regulations thereto related;

14

Co-operating and collaborating with other regulatory bodies in accordance with the provision of the Law regulating capital market in Rwanda;

15

Consulting concerned organs prior to making any decision to modify principles and regulations of the profession that may have impact on the functioning of the capital market;

16

Keeping adequately and timely records of decisions made in the accomplishment of CMA mission;

17

Accomplishing any other mission assigned by the Law regulating capital market in Rwanda.