CMA introduces mandatory course for practitioners

KAMPALA - The Capital Markets Authority (CMA) is pushing for higher standards of professionalism and integrity among market participants with the introduction of mandatory continuous professional development (CPD).

The CMA, in partnership with the Chartered Institute for Securities and Investment (CISI), announced that all capital market practitioners will be required to complete annual CPD training hours.

The initiative builds on a 2018 certification programme and aims to ensure that professionals remain up to date with global best practices and industry trends.

Josephine Okui Ossiya, CEO at CMA said the programme aims to entrench professionalism and integrity within Uganda’s capital markets.

“By providing our practitioners with access to CISI’s global learning resources, we are ensuring that they remain abreast of emerging trends and international best practices,” she said.

Kimacia Gitau, regional representative for CISI, during a brief training session on the importance of the CPD at Four Points in Kampala.

Under the renewed partnership, practitioners will join CISI’s global network of 54,000 members and gain access to a suite of digital learning tools, including live webinars, on-demand videos, and refresher eLearning modules.

The programme is designed to gradually integrate CPD into professional development, with 2026 set as a transitional year for those who have already completed the Securities Industry Certification Programme.

By June 30, 2027, participants are expected to meet the mandatory CPD hours, which will become a condition for license renewal starting January 1, 2028.

Kimacia Gitau, regional representative for CISI said CPD is crucial for practitioners to stay relevant in the rapidly changing industry, satisfy regulatory compliance, and boost global mobility.

He said CISI structures its educational offerings into specialised areas with three levels, including Foundation, Certificate, and Diploma.