Membership
Any person can apply for membership as a stockbroker, dealer, and sponsor under OTC market provided they meet and adhere to the rules and conditions of CMAC.
Membership Admission Requirements
Stockbrokers |
Eligibility |
Net worth |
Citizenship |
Functions |
Corporate |
Minimum funds committed for the OTC operations Rwf.10 million |
Incorporated in Rwanda |
1.Investment appraisals
2.valuations of securities
3.Participation in buyout deals
4. IPOs
5.Stockbroking activities
6.Investor services
|
Dealers |
Eligibility |
Net worth |
Citizenship |
Functions |
Individual
Corporate |
Rwf.5m
individual
Rwf.8m Corporate |
Legally resident in Rwanda or incorporated or registered in Rwanda |
- Dealing activities
- Market making
- Investor services
- participation in buy outs.
|
Sponsors |
Eligibility |
Net worth |
Citizenship |
Functions |
Corporate |
Min. funds committed to CMAC OTC operations Rwf.10m |
Legally resident in Rwanda or registered or incorporated in Rwanda |
- Participation in buyout deals
- Appraisal of and evaluation of proposals
- Sponsor IPOs
- Appoint market makers for issues sponsored
|
