The Rwanda Capital Markets Authority (CMA) has opened a public consultation on a draft law regulating capital market business, intended to update Rwanda’s capital markets legal framework in response to an International Organization of Securities Commissions (IOSCO) assessment and align it with international best practice. The draft introduces expanded supervisory and enforcement concepts, including powers to request information, accounts, reports, data and systems from licensed, approved, authorised or exempt persons and entities, as well as from service providers to such persons. It also provides for investigations into suspicious capital market activities, cooperation to assist foreign regulatory authorities, and a framework to accommodate family offices in Rwanda. Written comments are due by 30 July 2025, and the draft law is available for download from the CMA website.
Rwanda Capital Markets Authority 2025-07-08
Rwanda Capital Markets Authority invites public comments on draft capital markets law to align with international best practice
The Rwanda Capital Markets Authority has launched a public consultation on a draft law to update the capital markets legal framework, aligning it with international best practices following an IOSCO assessment. The draft law expands supervisory and enforcement powers, including information requests and investigations into suspicious activities, and introduces provisions for cooperation with foreign regulators and family offices.