Act 2016
Tier 4 Microfinance Institutions and Money Lenders Act, 2016
Issued by Uganda Microfinance Regulatory Authority
Plain-English summary
Establishes the Uganda Microfinance Regulatory Authority (s. 6) and provides for the licensing and management of Tier 4 microfinance institutions, including SACCOs, and of money lenders. Carrying on business as a money lender without a licence is an offence (s. 84).
Who it applies to
NBFC / Non-bank Lending
Topics
Prudential & Capital Conduct & Consumer Protection
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