TABLE OF CONTENTS
DECLARATION ....................................................................................................................................... i
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DEDICATION .................. ::: ...... :: .. : ..... ~.'.: ......... : ...................... :· .. :.: ..... >.~~ ............................................... ii
ACKNOWLEDGMENTS ........................................................................................................................ iii
TABLE OF CONTENTS ......................................................................................................................... iv
LISTS OF ACTS AND REGULATIONS ............................................................................................. viii
LIST OF CASES ...................................................................................................................................... ix
ACRONYMS ............................................................................................................................................ X
ABSTRACT ............................................................................................................................................. xi - ~, ·::. ·~ ..
CHAPTER ONE ........................................................................................................................... 1
GENERAL INTRODUCTION ..................................................................................................... !
1. I Background: ........................................................................................................................................ 1
1.2 State1nent of the Proble1n: ................................................................................................................... 4
1.3 Hypothesis: .......................................................................................................................................... 4
1.4 Objectives of the Study: ...................................................................................................................... 5
1.5 Scope oftl1e Sttidy: ............................................................................................................... :: .. · ..... 1
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1 .5.1 Geographical Scope ......................................................................................................................... 6
1.6 Significance ofthe Study: ................................................................................................................... 6
1.7 Research questions: ............................................................................................................................. 7
1.8 Justification for the Study: .................................................................................................................. 7
1.9 Literature review ................................................................................................................................. 8
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I. I 0 Methodology ................................................................................................................................... 13
I .1 0. I Research design ............................................................................................................................ 13
I. I 0.2 Data collection ············:·········:···················································_:····.··················:·:···:······;.;,;: ..... , .. : .. 13 _,_,·
·- 9- .... • - :'h1.1 0.3 Area of study ................................................................................................................................ 14
I .I 0.4 Qualitative analysis ...................................................................................................................... 14
1. I 0.5Limitations to the Study ................................................................................................................ 14
CHAPTER TWO ........................................................................................................................ 15
REGULATION OF CAPITAL MARKET IN UGANDA ............................................................ 15
2.1 Introduction ....................................................................................................................................... 15
2.2 Duty of CMA .................. ., ................................................................... _. ............ : ...•.. ~ ... ,. ..... :~ . .' .... .':~ .... 16 ~-·. -\ ·~ ~ - ::~
2.3 The practice of insider trading .......................................................................................................... 16
2.4 Prospectus ......................................................................................................................................... 19
2.5 Conclusion ........................................................................................................................................ 22
CHAPTER THREE .................................................................................................................... 23
MODALITIES OF ISSUING SHARES TO THE PUBLIC ......................................................... 23
3. I Introduction ....................................................................................................................................... 23
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3.2 Guiding the financial pl_fttfon1.1 .,_.:.:, ... , ......... , .......... ,, ........................ :...j';:. ............ ~ ..• : .. ~ ... : ...... :~' ...... :: ..... 24
3.3 E1npowering of the CMA .................................................................................................................. 25
3.4 Benefits of floatation to the company ............................................................................................... 26
3.5 Disadvantages ................................................................................................................................... 26
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