The Uganda Insurance Regulatory Authority issued a market clarification confirming that the Regional Customs Transit Guarantee (RCTG) Bond remains a recognised, approved insurance product and continues to be valid for issuance and renewal. It stated that it has not issued any directive, circular, or formal communication discontinuing the RCTG Bond or prohibiting its issuance or renewal. The Authority clarified that the introduction of the East African Community (EAC) Customs Bond does not, by itself, terminate or invalidate the operation of the RCTG Bond, and that both products will operate concurrently unless an express written directive provides otherwise. Insurers and intermediaries were instructed to continue issuing and renewing RCTG Bonds in line with existing laws, regulations, and approvals, and to align operational practices with formal written regulatory instruments rather than informal or verbal communications.
Uganda Insurance Regulatory Authority 2025-12-31
Uganda Insurance Regulatory Authority confirms the RCTG Bond remains in force and must continue to be issued and renewed alongside the EAC Customs Bond
The Uganda Insurance Regulatory Authority confirmed that the Regional Customs Transit Guarantee (RCTG) Bond remains valid for issuance and renewal, alongside the East African Community (EAC) Customs Bond. The Authority emphasized that no directive has been issued to discontinue the RCTG Bond, and both products will operate concurrently unless formally directed otherwise. Insurers and intermediaries should adhere to existing laws and regulatory instruments.