The Ethiopian Capital Market Authority (ECMA) has announced the registration of its Fee Directive by the Ministry of Justice under the title ‘The Capital Market Authority’s Fee Directive Number 996/2024’. Aligned with its responsibilities as stipulated in the Capital Market Proclamation No.1248/2021, this directive outlines the fee structure for the services provided by the Authority. It applies universally to Registration of Securities, License applications, and Capital Market Transactions.
This Fee Directive follows the recent approval and issuance of the Capital Market Service Providers Licensing and Supervision Directive. Over the past two months, the Authority has commenced accepting license applications from service providers, culminating in the issuance of its inaugural license for Deloitte investment advisory on March 30th, 2024.
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