Skip to content
Wakilii
Sign in Sign up free
Back to laws

Capital Markets (Accounting and Financial Requirements) Regulations

Statutory Instrument 55 of 1996 Current version · as at 06 December 1996
Enacted1996
Commenced06 December 1996
Last amended—
Point-in-time consolidation · as at 06 December 1996. This page may not reflect amendments made after that date. Confirm the current position against the latest Uganda Gazette before relying on it.

About this Act

A full descriptive summary for this Act has not been recorded yet.

Jurisdiction
Uganda
Type
Principal Legislation
Status
In force
Language
English

Full text of the Act

6 parts · 80 sections

Enhanced Annotated View adds approved, source-linked propositions, operative requirements, judicial passages, related provisions, amendment notes and authority status. Choose Original PDF to inspect the source consolidation.

Uganda

Capital Markets (Accounting and Financial Requirements) Regulations

Commenced on 06 December 1996

[This is the version of this document at 06 December 1996.]

Part I

1. These

Regulations may be cited as the Capital Markets Title (Accounting and Financial Requirements) Regulations, 1996.

Section analysis Source-linked statutory analysis Source linked
Approved statute annotation. Statutory quotations are matched to this consolidation and judicial passages are linked to judgments. Check the primary sources alongside this analysis.
What this section does
Statutory power

This section confers or regulates the statutory power described as “These”.

“Regulations may be cited as the Capital Markets Title (Accounting and Financial Requirements) Regulations, 1996.”
Primary legislation Source quotation matched
Practical effect

The power must be exercised by the authorised decision-maker, within the conditions and purpose stated in the section.

Deterministic editorial synthesis — not a substitute for the statutory text Editorial synthesis approved
Elements or requirements

Operative requirements extracted from the consolidated text.

1
  1. Regulations may be cited as the Capital Markets Title (Accounting and Financial Requirements) Regulations, 1996.
Judicial interpretation

Express propositions in source-matched passages from judgments citing this section.

0

No judgment in the current Wakilii corpus expressly cites this section. Bare rule-number references are not assigned where the Order cannot be verified.

Related provisions

No express internal or cross-Act reference appears in this section.

Amendment notes

No section-specific amendment note or instrument-level amendment history appears in this consolidation.

Authority status: legislation is primary authority; judgment weight follows the displayed court level and the ratio caveat. Check version history
2. (1)

In these Regulations, unless the context otherwise inter . preiation. requires- "approved" means approved by the Authority; "customer bank account" means a bank account established for the purposes of regulation 15; "Statute" means the Capital Markets Authority Statute, 1996.

(2)

In these Regulations, any term defined in the Statute shall have the meaning assigned to it in the Statute.

Section analysis Source-linked statutory analysis Source linked
Approved statute annotation. Statutory quotations are matched to this consolidation and judicial passages are linked to judgments. Check the primary sources alongside this analysis.
What this section does
Definition

This section supplies the definitions or statutory meaning governing “(1)”.

“In these Regulations, unless the context otherwise inter . preiation. requires- "approved" means approved by the Authority; "customer bank account" means a bank account established for the purposes of regulation 15; "Statute" means the Capital Markets Authority Statute, 1996.”
Primary legislation Source quotation matched
Practical effect

Use this definition when interpreting other provisions that employ the language addressed by “(1)”.

Deterministic editorial synthesis — not a substitute for the statutory text Editorial synthesis approved
Elements or requirements

Operative requirements extracted from the consolidated text.

1
  1. (2) In these Regulations, any term defined in the Statute shall have the meaning assigned to it in the Statute.
Judicial interpretation

Express propositions in source-matched passages from judgments citing this section.

0

No judgment in the current Wakilii corpus expressly cites this section. Bare rule-number references are not assigned where the Order cannot be verified.

Related provisions

No express internal or cross-Act reference appears in this section.

Amendment notes

No section-specific amendment note or instrument-level amendment history appears in this consolidation.

Authority status: legislation is primary authority; judgment weight follows the displayed court level and the ratio caveat. Check version history

Part II

3. The obligations of brokers or dealers, exempt dealers Records <o and investment advisers set out in

these Regulations are date continuing obligations and continuous performance of them shall be maintained for ensuring that records are kept up to date Audit (rial.

Section analysis Source-linked statutory analysis Source linked
Approved statute annotation. Statutory quotations are matched to this consolidation and judicial passages are linked to judgments. Check the primary sources alongside this analysis.
What this section does
Mandatory duty

This section imposes mandatory requirements concerning “The obligations of brokers or dealers, exempt dealers Records <o and investment advisers set out in”.

“these Regulations are date continuing obligations and continuous performance of them shall be maintained for ensuring that records are kept up to date Audit (rial.”
Primary legislation Source quotation matched
Practical effect

The provision uses mandatory language; the responsible person or institution should be able to demonstrate compliance.

Deterministic editorial synthesis — not a substitute for the statutory text Editorial synthesis approved
Elements or requirements

Operative requirements extracted from the consolidated text.

1
  1. these Regulations are date continuing obligations and continuous performance of them shall be maintained for ensuring that records are kept up to date Audit (rial.
Judicial interpretation

Express propositions in source-matched passages from judgments citing this section.

0

No judgment in the current Wakilii corpus expressly cites this section. Bare rule-number references are not assigned where the Order cannot be verified.

Related provisions

No express internal or cross-Act reference appears in this section.

Amendment notes

No section-specific amendment note or instrument-level amendment history appears in this consolidation.

Authority status: legislation is primary authority; judgment weight follows the displayed court level and the ratio caveat. Check version history
4. (1) Information required by the Statute or

these Regulations to be recorded shall be recorded in such a way as to enable a particular transaction to be identified at any time and traced through from initiation of the order to final settlement (2) All records shall be arranged, filed, indexed and cross referenced in such a manner as to permit prompt access to any particular record.

Reconcilia 5. A broker or dealer, exempt dealer and investment tion of customer adviser shall at least once every month, reconcile the balance on money. each customer account as recorded by it with the balance of that account as set out on the statement issued by the bank.

Conformity 6. The accounting records required to be kept under the with Statute and these Regulations shall conform with statements of accounting standards. standard accounting practice issued by the Institute of Certified Public Accountants of Uganda.

Inspection 7. Accounting records which are required to be kept under of records. the Statute and these Regulations shall, at any time during the period in which they are required to be kept, be produced on demand to the Authority or to any person authorised in writing by the Authority, at such reasonable time and place as may be specified by the Authority or that person.

Section analysis Source-linked statutory analysis Source linked
Approved statute annotation. Statutory quotations are matched to this consolidation and judicial passages are linked to judgments. Check the primary sources alongside this analysis.
What this section does
Statutory power

This section confers or regulates the statutory power described as “(1) Information required by the Statute or”.

“these Regulations to be recorded shall be recorded in such a way as to enable a particular transaction to be identified at any time and traced through from initiation of the order to final settlement (2) All records shall be arranged, filed, indexed and cross referenced in such a manner as to permit prompt access to any particular record.”
Primary legislation Source quotation matched
Practical effect

The power must be exercised by the authorised decision-maker, within the conditions and purpose stated in the section.

Deterministic editorial synthesis — not a substitute for the statutory text Editorial synthesis approved
Elements or requirements

Operative requirements extracted from the consolidated text.

4
  1. these Regulations to be recorded shall be recorded in such a way as to enable a particular transaction to be identified at any time and traced through from initiation of the order to final settlement (2) All records shall be arranged, filed, indexed and cross referenced in such a manner as to permit prompt access to any particular record.
  2. Reconcilia 5. A broker or dealer, exempt dealer and investment tion of customer adviser shall at least once every month, reconcile the balance on money. each customer account as recorded by it with the balance of that account as set out on the statement issued by the bank.
  3. Conformity 6. The accounting records required to be kept under the with Statute and these Regulations shall conform with statements of accounting standards. standard accounting practice issued by the Institute of Certified Public Accountants of Uganda.

1 further item remain in the statutory text above.

Judicial interpretation

Express propositions in source-matched passages from judgments citing this section.

0

No judgment in the current Wakilii corpus expressly cites this section. Bare rule-number references are not assigned where the Order cannot be verified.

Related provisions

No express internal or cross-Act reference appears in this section.

Amendment notes

No section-specific amendment note or instrument-level amendment history appears in this consolidation.

Authority status: legislation is primary authority; judgment weight follows the displayed court level and the ratio caveat. Check version history

Part III

9. (1) The financial statements required to

be prepared Form and content of under the Statute and these Regulations shall comply with the financial provisions of the Schedule so far as practicable, with respect to statements.

the form and content of the balance sheet, the profit and loss account and any additional information to be provided by way of notes to the financial statements. (2) Where compliance with the provisions of the Schedule and other provisions of the Statute and these Regulations as to the matters to be included in a balance sheet or profit and loss account or in notes to them, would not be sufficient to give a true and fair view, the necessary additional information shall be given in the balance sheet or profit and loss account or in a note to them. (3) If in special circumstances, compliance with any of the provisions of these Regulations is inconsistent with the requirement to give a true and fair view, the person required to comply shall depart from that provision to the extent necessary to give a true and fair view. (4) A departure under sub-regulation (3) from any provision referred to in that sub-regulation shall be accompanied by a note to the financial statements providing the particulars of the departure and the reasons for it.

Section analysis Source-linked statutory analysis Source linked
Approved statute annotation. Statutory quotations are matched to this consolidation and judicial passages are linked to judgments. Check the primary sources alongside this analysis.
What this section does
Mandatory duty

This section imposes mandatory requirements concerning “(1) The financial statements required to”.

“be prepared Form and content of under the Statute and these Regulations shall comply with the financial provisions of the Schedule so far as practicable, with respect to statements.”
Primary legislation Source quotation matched
Practical effect

The provision uses mandatory language; the responsible person or institution should be able to demonstrate compliance.

Deterministic editorial synthesis — not a substitute for the statutory text Editorial synthesis approved
Elements or requirements

Operative requirements extracted from the consolidated text.

2
  1. be prepared Form and content of under the Statute and these Regulations shall comply with the financial provisions of the Schedule so far as practicable, with respect to statements.
  2. the form and content of the balance sheet, the profit and loss account and any additional information to be provided by way of notes to the financial statements. (2) Where compliance with the provisions of the Schedule and other provisions of the Statute and these Regulations as to the matters to be included in a balance sheet or profit and loss account or in notes to them, would not be sufficient to give a true and fair view, the necessary additional information shall be given in the balance sheet or profit and loss account or in a note to them. (3) If in special circumstances, compliance with any of the provisions of these Regulations is inconsistent with the requirement to give a true and fair view, the person required to comply shall depart from that provision to the extent necessary to give a true and fair view. (4) A departure under sub-regulation (3) from any provision referred to in that sub-regulation shall be accompanied by a note to the financial statements providing the particulars of the departure and the reasons for it.
Judicial interpretation

Express propositions in source-matched passages from judgments citing this section.

0

No judgment in the current Wakilii corpus expressly cites this section. Bare rule-number references are not assigned where the Order cannot be verified.

Related provisions

No express internal or cross-Act reference appears in this section.

Amendment notes

No section-specific amendment note or instrument-level amendment history appears in this consolidation.

Authority status: legislation is primary authority; judgment weight follows the displayed court level and the ratio caveat. Check version history
10. (1) Annual financial statements required to

be prepared Audit of financial under the Statute and these Regulations shall be submitted to an statements auditor for audit and the licensee concerned shall obtain an auditor's report on them which report shall comply with the requirements of regulation 12. (2) The auditor's report obtained in compliance with these Regulations shall be submitted to the Authority together with- (a) the annual financial statements ; and (b) confirmation in writing from the person who prepared the financial statements that he or she has complied with each and every requirement of the Statute and these Regulations, pertaining to the preparation of the financial statements.

(3)

Where the auditor's report is qualified on the grounds of the auditor's uncertainty as to the completeness or accuracy of the accounting records, that report shall, when submitted by a broker or dealer or exempt dealer, be accompanied by a written document, signed in the case of a company, by two directors, and in the case of an individual by the licensed individual stating

(a)

whether all the accounting records of the person submitting the report have been made available to the auditor for the purposes of his or her audit;

(b)

whether all transactions undertaken by the person submitting the report have been properly reflected and recorded in that person's accounting records; and

(c)

whether all other records of the person submitting the report and related information have been made available to the auditor.

Submission 11. Financial statements prepared in accordance with the of financial statements Statute and these Regulations shall be submitted to the Authority to the within the prescribed time. Authority.

Auditors 12. (1) The auditor's report shall be addressed to the report. Authority and shall state whether the annual financial statements of a broker or dealer or exempt dealer have been audited in accordance with approved auditing standards.

(2)

The auditor's report shall also state whether in the opinion of the auditor- (a) the respective annual financial statements have been properly prepared in accordance with the Statute and these Regulations;

(b)

in the case of the balance sheet, a true and fair view of the financial affairs of the person audited is provided as at the end of the financial year;

(c)

in the case of the profit and loss account, a true and fair view of the profit or loss, for the financial year, of the person audited is given;

(d)

the person audited has, throughout the financial year, kept proper accounting records in accordance with the requirements of the Statute and these Regulations;

(e)

the person audited has, throughout (he financial year, kept customer money properly' segregated in accordance with the Statute and these Regulations;

(f)

the balance sheet and the profit and loss account are in agreement with the accounting records of the audited person;

(g)

he or she has obtained all the information and explanations which, to the best of his or her knowledge and belief, are necessary for the purposes of his or her audit; and (h) the person audited has maintained throughout the financial year, systems adequate to enable the person audited to identify documents of title, or documents evidencing title, to securities held in safekeeping for his or her customers in accordance with the Statute.

Section analysis Source-linked statutory analysis Source linked
Approved statute annotation. Statutory quotations are matched to this consolidation and judicial passages are linked to judgments. Check the primary sources alongside this analysis.
What this section does
Statutory power

This section confers or regulates the statutory power described as “(1) Annual financial statements required to”.

“be prepared Audit of financial under the Statute and these Regulations shall be submitted to an statements auditor for audit and the licensee concerned shall obtain an auditor's report on them which report shall comply with the requirements of regulation 12. (2) The auditor's report obtained in compliance with these Regulations shall be submitted to the Authority together with- (a) the annual financial statements ; and (b) confirmation in writing from the person who prepared the financial statements that he or she…”
Primary legislation Source quotation matched
Practical effect

The power must be exercised by the authorised decision-maker, within the conditions and purpose stated in the section.

Deterministic editorial synthesis — not a substitute for the statutory text Editorial synthesis approved
Elements or requirements

Operative requirements extracted from the consolidated text.

11
  1. (3) Where the auditor's report is qualified on the grounds of the auditor's uncertainty as to the completeness or accuracy of the accounting records, that report shall, when submitted by a broker or dealer or exempt dealer, be accompanied by a written document, signed in the case of a company, by two directors, and in the case of an individual by the licensed individual stating
  2. (a) whether all the accounting records of the person submitting the report have been made available to the auditor for the purposes of his or her audit;
  3. (b) whether all transactions undertaken by the person submitting the report have been properly reflected and recorded in that person's accounting records; and
  4. (c) whether all other records of the person submitting the report and related information have been made available to the auditor.
  5. (2) The auditor's report shall also state whether in the opinion of the auditor- (a) the respective annual financial statements have been properly prepared in accordance with the Statute and these Regulations;
  6. (b) in the case of the balance sheet, a true and fair view of the financial affairs of the person audited is provided as at the end of the financial year;
  7. (c) in the case of the profit and loss account, a true and fair view of the profit or loss, for the financial year, of the person audited is given;
  8. (d) the person audited has, throughout the financial year, kept proper accounting records in accordance with the requirements of the Statute and these Regulations;

3 further items remain in the statutory text above.

Judicial interpretation

Express propositions in source-matched passages from judgments citing this section.

0

No judgment in the current Wakilii corpus expressly cites this section. Bare rule-number references are not assigned where the Order cannot be verified.

Related provisions

No express internal or cross-Act reference appears in this section.

Amendment notes

No section-specific amendment note or instrument-level amendment history appears in this consolidation.

Authority status: legislation is primary authority; judgment weight follows the displayed court level and the ratio caveat. Check version history
13. (1)

If the auditor is of the opinion that one or more of Qualified the requirements of regulation 12 have not been met, the auditor reporU' shall state the fact in his or her report and shall specify the relevant requirements and the respects in which they have not been met.

(2)

If the auditor fails to obtain all the information and explanations which, to the best of his or her knowledge and belief, are necessary for the purposes of the audit, he or she shall state that fact in the report.

(3)

If the auditor is unable to form an opinion as to whether one or more of the requirements of regulation 12 have been met, he or she shall state that fact in his or her report and shall specify those requirements and give the reasons why he or she has been unable to form an opinion.

Section analysis Source-linked statutory analysis Source linked
Approved statute annotation. Statutory quotations are matched to this consolidation and judicial passages are linked to judgments. Check the primary sources alongside this analysis.
What this section does
Mandatory duty

This section imposes mandatory requirements concerning “(1)”.

“If the auditor is of the opinion that one or more of Qualified the requirements of regulation 12 have not been met, the auditor reporU' shall state the fact in his or her report and shall specify the relevant requirements and the respects in which they have not been met.”
Primary legislation Source quotation matched
Practical effect

The provision uses mandatory language; the responsible person or institution should be able to demonstrate compliance.

Deterministic editorial synthesis — not a substitute for the statutory text Editorial synthesis approved
Elements or requirements

Operative requirements extracted from the consolidated text.

2
  1. (2) If the auditor fails to obtain all the information and explanations which, to the best of his or her knowledge and belief, are necessary for the purposes of the audit, he or she shall state that fact in the report.
  2. (3) If the auditor is unable to form an opinion as to whether one or more of the requirements of regulation 12 have been met, he or she shall state that fact in his or her report and shall specify those requirements and give the reasons why he or she has been unable to form an opinion.
Judicial interpretation

Express propositions in source-matched passages from judgments citing this section.

0

No judgment in the current Wakilii corpus expressly cites this section. Bare rule-number references are not assigned where the Order cannot be verified.

Related provisions

No express internal or cross-Act reference appears in this section.

Amendment notes

No section-specific amendment note or instrument-level amendment history appears in this consolidation.

Authority status: legislation is primary authority; judgment weight follows the displayed court level and the ratio caveat. Check version history

Part IV

Part 1

1. Subject to

the provisions of this Schedule, the annual financial statements required under these Regulations shall (a) in the case of the balance sheet show the items listed in the balance sheet format set out in Appendix I to this Schedule; and

(b)

in'the case of the profit and loss account show the items listed in the profit and loss account format set out in Appendix II to this Schedule.

2. (I) In respect of every item

shown in a balance sheet or profit and loss account or in notes to them, the corresponding amount for the immediately preceding financial year shall also be shown (2) Where the corresponding amount is not comparable with the amount to be shown for the item in question in respect of the financial year to which the balance sheet or profit and loss account relates, the former amount shall be adjusted and particulars of the adjustment and the reasons for it shall be disclosed in a note to the accounts.

Part 2

3. Subject to paragraph 5, the amounts to be included in respect of all items shown in a balance sheet and profit and loss account shall be determined in accordance with the accounting standards and guidelines in force from time to time as approved or accepted by the Institute of Certified Public Accountants of Uganda and with paragraph A and 5 of

this schedule

4. Subject to paragraph 3, items shall

be included in such a way as to reflect the substance and not merely the form of the underlying transactions and balances

5. If it appears to the person preparing the financial statements that

there are special reasons for departing from any of the principles and Regulations stated in paragraphs 3 and 4 in preparing the financial statements in respect of any financial year, the person may do so, but particulars of the departure, the reasons for it and its effect shall be given in a note to the financial statements APPENDIX I

BALANCE SHEET FORMAT Paragraph 1.

A. FIXED ASSETS I. Intangible Assets.

Section analysis Source-linked statutory analysis Source linked
Approved statute annotation. Statutory quotations are matched to this consolidation and judicial passages are linked to judgments. Check the primary sources alongside this analysis.
What this section does
Statutory power

This section confers or regulates the statutory power described as “If it appears to the person preparing the financial statements that”.

“there are special reasons for departing from any of the principles and Regulations stated in paragraphs 3 and 4 in preparing the financial statements in respect of any financial year, the person may do so, but particulars of the departure, the reasons for it and its effect shall be given in a note to the financial statements APPENDIX I”
Primary legislation Source quotation matched
Practical effect

The power must be exercised by the authorised decision-maker, within the conditions and purpose stated in the section.

Deterministic editorial synthesis — not a substitute for the statutory text Editorial synthesis approved
Elements or requirements

Operative requirements extracted from the consolidated text.

1
  1. there are special reasons for departing from any of the principles and Regulations stated in paragraphs 3 and 4 in preparing the financial statements in respect of any financial year, the person may do so, but particulars of the departure, the reasons for it and its effect shall be given in a note to the financial statements APPENDIX I
Judicial interpretation

Express propositions in source-matched passages from judgments citing this section.

0

No judgment in the current Wakilii corpus expressly cites this section. Bare rule-number references are not assigned where the Order cannot be verified.

Related provisions

No express internal or cross-Act reference appears in this section.

Amendment notes

No section-specific amendment note or instrument-level amendment history appears in this consolidation.

Authority status: legislation is primary authority; judgment weight follows the displayed court level and the ratio caveat. Check version history
1. Development costs

The text of this section isn't in the consolidation we hold — see the original PDF above.

2. Goodwill (1)

The text of this section isn't in the consolidation we hold — see the original PDF above.

3. Other

II. Tangible Assets.

1. Freehold land and buildings

The text of this section isn't in the consolidation we hold — see the original PDF above.

2. Leasehold land and buildings

The text of this section isn't in the consolidation we hold — see the original PDF above.

3. Motor vehicles

The text of this section isn't in the consolidation we hold — see the original PDF above.

4. Office equipment and computers

The text of this section isn't in the consolidation we hold — see the original PDF above.

5. Fixtures and fittings

The text of this section isn't in the consolidation we hold — see the original PDF above.

6. Payments on account

The text of this section isn't in the consolidation we hold — see the original PDF above.

Section analysis Source-linked statutory analysis Source linked
Approved statute annotation. Statutory quotations are matched to this consolidation and judicial passages are linked to judgments. Check the primary sources alongside this analysis.
What this section does
Governing rule

This section states the governing statutory rule for “Payments on account”.

“Payments on account”
Primary legislation Source quotation matched
Practical effect

Use this section as the starting statutory rule for “Payments on account”, together with the linked provisions and current consolidation.

Deterministic editorial synthesis — not a substitute for the statutory text Editorial synthesis approved
Elements or requirements

Operative requirements extracted from the consolidated text.

0

This section states a single governing proposition and does not enumerate separate elements.

Judicial interpretation

Express propositions in source-matched passages from judgments citing this section.

0

No judgment in the current Wakilii corpus expressly cites this section. Bare rule-number references are not assigned where the Order cannot be verified.

Related provisions

No express internal or cross-Act reference appears in this section.

Amendment notes

No section-specific amendment note or instrument-level amendment history appears in this consolidation.

Authority status: legislation is primary authority; judgment weight follows the displayed court level and the ratio caveat. Check version history
7. Other tangible assets

III. Investments

Section analysis Source-linked statutory analysis Source linked
Approved statute annotation. Statutory quotations are matched to this consolidation and judicial passages are linked to judgments. Check the primary sources alongside this analysis.
What this section does
Governing rule

This section states the governing statutory rule for “Other tangible assets”.

“III. Investments”
Primary legislation Source quotation matched
Practical effect

Use this section as the starting statutory rule for “Other tangible assets”, together with the linked provisions and current consolidation.

Deterministic editorial synthesis — not a substitute for the statutory text Editorial synthesis approved
Elements or requirements

Operative requirements extracted from the consolidated text.

0

This section states a single governing proposition and does not enumerate separate elements.

Judicial interpretation

Express propositions in source-matched passages from judgments citing this section.

0

No judgment in the current Wakilii corpus expressly cites this section. Bare rule-number references are not assigned where the Order cannot be verified.

Related provisions

No express internal or cross-Act reference appears in this section.

Amendment notes

No section-specific amendment note or instrument-level amendment history appears in this consolidation.

Authority status: legislation is primary authority; judgment weight follows the displayed court level and the ratio caveat. Check version history
1. Loans to and shares in group

companies and connected companies

2. Other listed investments

The text of this section isn't in the consolidation we hold — see the original PDF above.

3. Other unlisted investments

B. CURRENT ASSETS I. Physical stocks. II. Debtors (2).

1. Trade debtors (3)

The text of this section isn't in the consolidation we hold — see the original PDF above.

2. Other debtors

The text of this section isn't in the consolidation we hold — see the original PDF above.

3. Amounts due from connected and group companies

The text of this section isn't in the consolidation we hold — see the original PDF above.

4. Prepayments and accrued income

III. Investments. IV. Cash at bank and in hand.

C. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

1. Bank loans and overdrafts

The text of this section isn't in the consolidation we hold — see the original PDF above.

2. Subordinated loans (4)

The text of this section isn't in the consolidation we hold — see the original PDF above.

3. Other debenture loans

The text of this section isn't in the consolidation we hold — see the original PDF above.

4. Trade creditors (5)

The text of this section isn't in the consolidation we hold — see the original PDF above.

5. Investments (short positions)

The text of this section isn't in the consolidation we hold — see the original PDF above.

6. Income tax

The text of this section isn't in the consolidation we hold — see the original PDF above.

7. Amount due to group and connected companies

The text of this section isn't in the consolidation we hold — see the original PDF above.

8. Other creditors

The text of this section isn't in the consolidation we hold — see the original PDF above.

Section analysis Source-linked statutory analysis Source linked
Approved statute annotation. Statutory quotations are matched to this consolidation and judicial passages are linked to judgments. Check the primary sources alongside this analysis.
What this section does
Governing rule

This section states the governing statutory rule for “Other creditors”.

“Other creditors”
Primary legislation Source quotation matched
Practical effect

Use this section as the starting statutory rule for “Other creditors”, together with the linked provisions and current consolidation.

Deterministic editorial synthesis — not a substitute for the statutory text Editorial synthesis approved
Elements or requirements

Operative requirements extracted from the consolidated text.

0

This section states a single governing proposition and does not enumerate separate elements.

Judicial interpretation

Express propositions in source-matched passages from judgments citing this section.

0

No judgment in the current Wakilii corpus expressly cites this section. Bare rule-number references are not assigned where the Order cannot be verified.

Related provisions

No express internal or cross-Act reference appears in this section.

Amendment notes

No section-specific amendment note or instrument-level amendment history appears in this consolidation.

Authority status: legislation is primary authority; judgment weight follows the displayed court level and the ratio caveat. Check version history
9. Accruals and deferred income

D. NET CURRENT ASSETS (LIABILITIES)

E. TOTAL ASSETS LESS CURRENT LIABILITIES

F. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

1. Bank Ioans and overdrafts

The text of this section isn't in the consolidation we hold — see the original PDF above.

2. Subordinated loans (4)

The text of this section isn't in the consolidation we hold — see the original PDF above.

3. Other debenture loans

The text of this section isn't in the consolidation we hold — see the original PDF above.

4. Trade creditors (5)

The text of this section isn't in the consolidation we hold — see the original PDF above.

5. Income tax

The text of this section isn't in the consolidation we hold — see the original PDF above.

6. Amounts due to group and connected companies

The text of this section isn't in the consolidation we hold — see the original PDF above.

7. Other creditors

The text of this section isn't in the consolidation we hold — see the original PDF above.

8. Accruals and deferred income

G. PROVISIONS FOR LIABILITIES AND CHARGES

1. Commissions on indemnity terms

The text of this section isn't in the consolidation we hold — see the original PDF above.

2. Pension and similar obligations

The text of this section isn't in the consolidation we hold — see the original PDF above.

3. Taxation including deferred taxation

The text of this section isn't in the consolidation we hold — see the original PDF above.

4. Other provisions

H. TOTAL ASSETS LESS TOTAL LIABILITIES

I. CAPITAL AND RESERVES

1. Called up share capital

The text of this section isn't in the consolidation we hold — see the original PDF above.

2. Share premium account

The text of this section isn't in the consolidation we hold — see the original PDF above.

3. Partner's or proprietor's capital accounts

The text of this section isn't in the consolidation we hold — see the original PDF above.

4. Partner's or proprietor's current accounts

The text of this section isn't in the consolidation we hold — see the original PDF above.

5. Revaluation reserve

The text of this section isn't in the consolidation we hold — see the original PDF above.

6. Other reserves

The text of this section isn't in the consolidation we hold — see the original PDF above.

7. Profit and loss account

Notes on the Balance Sheet Format

1. GOODWILL

Goodwill shall be included only in so far as it was acquired for valuable consideration.

2. DEBTORS

The amount falling due after more than one year shall be shown separately for each item included under debtors.

3. TRADE DEBTORS
(a)

Fees Outstanding for more than 30 days. Outstanding for 30 days or less. (b) Commissions Outstanding for more than 30 days. Outstanding for 30 days or less.

(c)

Other Amount outstanding for more than 30 days. Amount outstanding for 30 days or less.

4. SUBORDINATED LOANS
(a)

Long term subordinated loans. (b) Short term subordinated loans. (c) Committed undrawn subordinated loan facilities. (d) Bank undertakings.

5. TRADE CREDITORS
(a)

Amounts due to be paid against delivery of securities. (b) Amounts due to be paid in respect of securities transactions otherwise than against delivery of securities. (c) Other (specify).

APPENDIX II PROFIT AND LOSS ACCOUNT FORMAT Paragraph 2. A. DEALING Gains/losses on principal dealings (trading).

1. Equities

The text of this section isn't in the consolidation we hold — see the original PDF above.

2. Debt instruments

The text of this section isn't in the consolidation we hold — see the original PDF above.

3. Units in collective investment schemes

The text of this section isn't in the consolidation we hold — see the original PDF above.

4. Foreign exchange

The text of this section isn't in the consolidation we hold — see the original PDF above.

5. Other (specify)

B. REVENUE I. Commissions on transaction in collective investment schemes.

1. Authorised mutual fund and unit trust schemes

The text of this section isn't in the consolidation we hold — see the original PDF above.

2. Other (specify)

II. Commissions on securities transactions.

I. Equities.

2. Debt instruments

The text of this section isn't in the consolidation we hold — see the original PDF above.

3. Other (specify)

III. Investment management fees. IV. Fee income in respect of financial advice. V Company management fee. VI. Trustee fees. VII. Interest and dividends.

1. Investments positions

The text of this section isn't in the consolidation we hold — see the original PDF above.

2. Loan accounts and margin accounts

The text of this section isn't in the consolidation we hold — see the original PDF above.

3. In respect of balances in customer bank accounts

The text of this section isn't in the consolidation we hold — see the original PDF above.

4. Other (specify)

VIII. Dealing and settlement services. IX. Revenue from research and consulting services. X. Retained underwriting and placing commissions. XI. Other revenue (specify if material). C. EXPENDITURE I. Commissions.

1. Paid to staff

The text of this section isn't in the consolidation we hold — see the original PDF above.

2. Paid to other investment businesses

The text of this section isn't in the consolidation we hold — see the original PDF above.

3. Other (specify)

II. Salaries and other employment costs (exclusive of commission). III. Directors' emoluments. IV. Staff bonuses. V. Interest charges.

1. Payable to customer in respect of customer's money balances

The text of this section isn't in the consolidation we hold — see the original PDF above.

2. Other (specify)

VI. Establishment costs. VII. Communications and marketing. VIII. Office equipment and services. IX. Provisions for losses, bad and doubtful debts. X. Professional charges. XI. Securities exchange and clearing house charges. XII. Regulatory fees and expenses. XIII. Audit fees (including expenses). XIV. Miscellaneous office expenses. XV. Other expenditure (specify if material).

D. PROFIT OR LOSS BEFORE TAXATION. E. TAXATION. F. PROFIT OR LOSS AFTER TAXATION. G. EXTRA ORDINARY ITEMS. H. PROFIT OR LOSS FOR THE FINANCIAL YEAR.

LEO KIBIRANGO, Chairman, Capital Markets Authority.

Original Laws of Uganda consolidation (as at 06 December 1996) — public-domain legislation, consolidated by ULII / Laws.Africa (CC BY 4.0). This is a point-in-time text and may not reflect later amendments; confirm against the latest Uganda Gazette before relying on it.