Browsing by Author "Edgar, Kakoma"

Now showing 1 - 1 of 1
  • Thumbnail Image
    Item
    An analysis of the law against insider trading in Ugandan Capital market
    (Kampala international international: School Of Law, 2018-10) Edgar, Kakoma
    As the world continues to expand in global markets, trading of shares, bonds, derivatives and other instruments continue to increase. One form of trading that has received considerable interest in recent years is insider trading. In order to protect the integrity of the market and to combat market abuse in the Ugandan Capital markets, the Capital markets Authority Act, the subsequent establishment of the Ugandan securities Exchange in 1997 and Insider Trading Rules were enacted prohibiting the dealing of securities of a listed company by an insider of that company which brought some confidence in the capital market. The provisions of Capital markets Authority Act were to some extent inadequate and ineffectively implemented and eventually the Act was amended to overcome the flawed provisions. It is against this background that an analysis of the legal and regulatory framework of market abuse and insider trading is carried out to expose the flaws that were previously embedded in Uganda market abuse laws. This is done to raise awareness of the situation on the part of the relevant stakeholders. To this end, this research is a conceptual study of the provisions of the Act prohibiting insider trading, and the Ugandan Securities Exchange Insider Trading Rules, 2008, analyzing the goal of preventing insider trading and to recommend possible regulatory measures that could be incorporated in the Uganda market abuse regime not only to bridge the gaps for a more comprehensive approach on insider trading but also to further increase investor confidence in Uganda's stock exchange.