Capital Market Authority CMA
Source pages
Who they are
A specialised organ governed by Law No. 057/2021 bis of 18/09/2021. The law's preamble reviews Law No. 23/2017 of 31/05/2017, which had established the CMA, and the CMA's own 'About' page names the Capital Market Advisory Council (Prime Minister's Order of 28 March 2007) as its predecessor.
What they do
Holds a dual mandate to develop and regulate the capital markets industry, commodities exchange and related contracts, and also covers warehouse receipt systems and collective investment schemes. It licenses market intermediaries and, under Law No. 023/2026 regulating virtual asset business (Arts. 2(bb), 5), is the regulatory authority for virtual asset business.
Key laws & regulations issued
- Guideline Capital Market Guidelines No 003/CMA_G/2024 of 09/12/2024 on issuance of Green, Social, Sustainability and Other Labels (GSS+) Bonds 2024
- Guideline Guidelines n° 002/CMA_G/2023 of 27/04/2023 governing the fintech regulatory sandbox for Capital Markets in Rwanda 2023
- Regulation Regulations N° 001/CMA/2023 of 29/03/2023 determining administrative sanctions applicable to financial institution for non-compliance with the prevention of money laundering, financing terrorism and financing of proliferation of weapons of mass destruction requirements 2023
Latest news
No news tagged to this regulator yet.
Related regulators
Others in Rwanda supervising overlapping sectors.