The Insurance Regulatory Authority of Uganda issued a circular to insurance companies, health maintenance organisations and micro insurers clarifying that unit trusts or collective investment schemes (CIS) may be treated as approved investments for insurance funds under the prudential framework. Although CIS are not listed as a standalone investment category, the circular notes that Regulation 27(1)(j) of the Insurance (Capital Adequacy and Prudential Requirements) Regulations, 2025 allows the Authority to approve additional instruments that meet prudential, liquidity and risk management criteria. Investments in unit trusts or CIS are admissible where the CIS is licensed and regulated by the Capital Markets Authority, the underlying assets are permissible under Regulation 27, and the investment complies with the Authority’s prudential limits on concentration, liquidity and risk exposure. The guidance takes effect immediately.
Uganda Insurance Regulatory Authority 2026-01-13
Insurance Regulatory Authority of Uganda deems unit trusts and collective investment schemes admissible investments for insurance funds
The Insurance Regulatory Authority of Uganda issued a circular clarifying that unit trusts or collective investment schemes (CIS) can be treated as approved investments for insurance funds under the prudential framework. CIS must be licensed by the Capital Markets Authority and comply with prudential limits on concentration, liquidity, and risk exposure. This guidance is effective immediately.