Self Assessment - 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 emelkamu@ecma.gov.et or call at +251 910 101010.

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 at least three 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

We appreciate your participation in the self-evaluation process. However, we would like to bring to your attention that the response provided does not fully comply with the Capital Market Service Providers Licensing and Supervision Directive. A PDF has been generated and downloaded for your review.

Nevertheless, if you still want to consider applying for the license, you can click the button below to access the forms.

Self-Evaluation for Prospective Capital Market Service Providers

Section 1: General Information

Section 2: Incorporation Type

Section 3: Pudential Requirements

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

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

3.2: Asset Mix Ratio

Section 4: Governance Requirements

4.1 Governance Structure

Section 5: Other Operational Requirements

5.1 Operational Readiness

5.2 Technology Requirements

5.3 Human Resource Requirements

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Section 1: General Information

Section 2: Incorporation Type

Section 3: Pudential Requirements

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

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

3.2: Asset Mix Ratio

Section 4: Governance Requirements

4.1 Governance Structure

Section 5: Other Operational Requirements

5.1 Operational Readiness

5.2 Technology Requirements

5.3 Human Resource Requirements

Collective Investment Scheme Draft Directive

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