The Ethiopian Capital Markets Authority (ECMA) has the authority to inspect market participants to ensure compliance with the proclamation, rules, and directives of the Authority. Inspections include off-site supervision, routine, and special on-site examinations, with unbound access to all necessary books and records. In conducting these inspections, ECMA may also collaborate with other government bodies and task forces, and utilize its staff, law enforcement officers, and auditors when necessary.
Licensed Capital Market Service Providers and their personnel are required to fully cooperate with ECMA’s inspections and investigations, providing prompt responses and access to requested information. ECMA reserves the right to request any information necessary for inspections and investigations to maintain a fair, transparent, and efficient capital market environment.
Address
Minaye Corporate Building 15th Floor
Flamingo Area, Kirkos
Addis Ababa, Ethiopia
This public notice is directed at publicly held companies established or raising capital through public subscription under the Commercial Code of Ethiopia. Specifically, it concerns companies with more than fifty (50) shareholders, regardless of the sector or industry in which they operate.
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