Bank of Uganda| Acts and Regulations (2024)

These include Commercial Banks, Credit Institutions, Micro Finance Deposit-Taking Institutions (MDIs), and Forex Bureaux.

A number of acts and regulations govern this mandate and the supervision of financial institutions.

BOU Acts

1.BOU Act, 1969;

2.BOU Act, 2000;

Supervision Acts

1.FI Act, 2004; Fin Amendment Act 2016

2.Financial Institutions (Amendment) Act 2023

3.MDI Act, 2003;

Supervision Regulations

1.FI Anti Money Laundering Act, 2013;

2.FI Anti Money Laundering Regulations, 2010;

3.FI Capital Adequacy Regulations, 2005;

4.FI Consolidated, 2010;

5.FI Corporate Governance Regulations, 2005;

6.FI Credit Classification Regulations, 2005;

7.FI Credit Concentration Exposure Limits, 2005;

8.FI Credit Reference Regulations, 2005;

9.FI External Auditors, 2010;

10.FI Foreign Exchange, 2010;

11.FI Insider Lending Limits, 2005;

12.FI License Regulations, 2005;

13.FI Liquidity Regulations, 2005;

14.FI Ownership Control Regulations, 2005;

15.FX Act, 2004;

16.The National Payments Systems Act 2020

17.The Foreign Exchange (Amendment) Act, 2023

18.Micro Finance Deposit-Taking Institutions (Amendment) Act 2022

Other Acts and Regulations

1.FX Regulations, 2006;

2.MDI Regulations, 2004;

3.Intervention Policy, 1997;

4.Mobile Money Guideline 2013;

5.External Auditor Appointment Guidelines for Forex Bureaus 2016;

6. Financial Institutions Agent Banking Regulations, 2017

7.Guidelines for the licensing and operation of Forex Bureaus and Money Remmittance companies, 2018

8.Financial Institutions(Islamic Banking) Regulations 2018

9.Financial Institutions (Deposit Protection Fund) Regulations, 2019

10.The Financial Institutions Capital Buffers and Leverage Ratio Regulation

11. Framework for the identification of Domestic Systemically important Banks (DSIBs)

12.The National Payment Systems (Agents) Regulations, 2021

13.The National Payment Systems (Sandbox) Regulations, 2021

14.The National Payment Systems Oversight Framework - June 2021

15.Micro Finance Deposit-Taking Institutions (Amendment of Second Schedule) Instrument, 2022

16.Financial Institutions (Amendment of Third Schedule) Instrument, 2022

17.Financial Institutions (Credit Referencing Bureau) Regulations, 2022

18. Risk Assessment Guidelines for SFIs in Uganda

19.Targeted Financial Sanctions Guidelines for Supervised Financial Institutions

20.Financial Institutions (Agent Banking) (Amendment) Regulations, 2023

21.Financial Institutions (Preference and Appraised Book Value) Regulations 2023

22. Financial Institutions (Liquidity) Regulations, 2023

23.Licensing Policy

24.Licensing Requirements checklist

25.Appendices to the Application Checklist

The Bank of Uganda (BoU) is the Central Bank of the Republic of Uganda. It was opened on the 15th August 1966. It is 100% owned by the Government of Uganda but it is not a government Department

The Bank of Uganda conducts all its activities with the aim ofFulfillingits Mission. These activities are carried out under the mandate of theBank of Uganda Act, 2000and other legislature.

According to Article 161 of the Constitution of the Republic of Uganda, the authority of the Bank of Uganda shall vest in a Board which shall consist of a Governor, a Deputy Governor and not more than five other members.