Registration - Ethiopian Capital Market Authority

Welcome to the self-evaluation form for prospective Capital Market Service Providers. This tool allows a prospective capital market service provider to assess their standing as it relates to the Capital Market Service Providers Licensing and Supervision Directive. If you encounter any issues, please don't hesitate to contact us for assistance at licensing@ecma.gov.et or call at 011-5-57-83-11.

Instructions:

Applicants are required to complete this self-evaluation form before submitting an application for a Capital Market Services License (“Services License”).
The self-evaluation form is a guide to enable prospective applicants to evaluate their level of readiness for the Services License, as well as compliance with prudential, governance, and other requirements for each applicable Services License.
A positive report or result from a completed self-evaluation does not guarantee that the applicant will be issued a Services License.
All applicable sections of the self-evaluation form must be completed.Provide responses in the appropriate box and tick where required.
(*) means not applicable to Individual Applicants.

Section 1: General Information

I. Do you have a Commercial Registration Certificate or Investment Permit issued by the relevant government organ in Ethiopia?
Yes No

II. Do you have a Registered/Business Address?:
Yes No

Section 2: Incorporation Type

Choose your incorporation type:

Section 3: Pudential Requirements

SECTION 3.1: Prospective Services Lisense(s) and Capital Requirement

Prospective Services License: Please select the Services License that you want to apply for: (Hold down the CTRL key to select multiple licenses)

Selected Prospective Licenses:

Total Net-worth needed for all the selected licenses: 0

3.2: Asset Mix Ratio

#	Identifier	Birr '000,000
1. Liquid Asset(A)		-
1.1	Cash
1.2	Bank deposits
1.3	Treasury bills
1.4	Listed securities
1.5	Other liquid assets
1.5.1	(please specify)
Total Liquid Assets		0
2. Total Assets (B)
Ratio of Liquid Assets to Total Assets		0

Section 4: Governance Requirements

4.1 Governance Structure

Governance Structure:

4.1.1. Does the applicant have a Board of Directors?
Yes No N/A

4.1.2. Do the Directors meet the required qualifications stated in the Competency Framework of the Capital Market Service Providers Licensing and Supervision Directive?
Yes No N/A

4.1.3. Is there a Board Charter?
Yes No N/A

4.1.4. Is the position of Chairperson and Managing Director/Chief Executive Officer separate?
Yes No N/A

4.1.5. Does the Managing Director/Chief Executive Officer meet the required qualifications stated in the Capital Market Service Providers Licensing and Supervision Directive?
Yes No N/A

4.1.6. Does the Board of the applicant have the following Sub-Committees?

4.1.6a. Nomination and Election Committee
Yes No N/A

4.1.6b. Risk Management and Compliance Committee
Yes No N/A

4.1.6c. Audit Committee
Yes No N/A

4.1.7. Does the applicant have a Company Secretary or its equivalent?
Yes No N/A

Section 5: Other Operational Requirements

5.1 Operational Readiness

5.1.1. Infrastructural Facilities:

5.1.1a. Is the applicant’s business premises ready for operations?
Yes No N/A

5.1.1b. Are there IT hardware configurations and software applications?
Yes No N/A

5.1.1c. Are there telephones and voice recording devices?
Yes No N/A

5.1.2. Record Keeping

5.1.2a. Does the applicant have appropriate systems and procedures for storing and retrieving information?
Yes No N/A

5.1.2b. Does the applicant have an internal document retention policy?
Yes No N/A

5.1.3. Operational Procedures and Requirements

5.1.3a. Does the applicant have a detailed operations manual?
Yes No N/A

5.1.3b. Does the applicant have a securities trading policy?*
Yes No N/A

5.1.3c. Does the applicant have proprietary trading policy?*
Yes No N/A

5.1.3d. Does the applicant have a code of conduct/ethics for employees?*
Yes No N/A

5.1.3e. Does the applicant have a conflict of interest policy?
Yes No N/A

5.1.3f. Does the applicant have a compliance manual?*
Yes No N/A

5.1.3g. Does the applicant have an AML/CFT manual?*
Yes No N/A

5.1.3h. Does the applicant have a dispute resolution framework?
Yes No N/A

5.1.3i. Is the applicant a member of a recognized SRO or industry association?
Yes No N/A

5.1.3j. Does the applicant have a standard KYC procedure?
Yes No N/A

5.1.3k. Does the applicant have a fidelity guarantee or commenced the process of obtaining one?
Yes No N/A

5.1.3l. Does the applicant have a strategic business plan?
Yes No N/A

5.1.3m. Does the applicant have a full year Audited Financial Statement or Statement of Affairs or three (3) months Management Account?*
Yes No N/A

5.2 Technology Requirements

5.2.4. Systems and Control:

5.2.4a. Does the applicant have procedures and satisfactory risk management systems, and compliance systems aimed at preventing, detecting, and correcting securities law violations?
Yes No N/A

5.2.4b. Does the applicant have a disaster recovery and business continuity procedure?
Yes No N/A

5.2.4c. Does the applicant have a data privacy policy?
Yes No N/A

5.2.4d. Does the applicant have in place procedures to deal with cyber risks?
Yes No N/A

5.3 Human Resource Requirements

5.3.5. Employees:

5.3.5a. Has the applicant identified the individuals to be appointed as Appointed Representatives for the Services License(s)?
Yes No N/A

5.3.5b. Does the applicant have a Compliance Officer?
Yes No N/A

5.3.5c. Does the applicant have adequate employees in terms of number, qualification and experience to operate the company?
Yes No N/A

Self-Evaluation for Prospective Capital Market Service Providers