KAMPALA UGANDA: 16 JUNE 2026— The Capital Markets Authority (CMA) has clarified its regulatory boundaries regarding ongoing public investment discussions, explicitly stating that the activities of Brec Youth Platform Africa Limited (YPA) do not currently fall under its regulatory purview.
In a public notice issued on June 16, 2026, the statutory body emphasized that its lack of jurisdiction over the entity should not be mistaken for an endorsement of its safety or financial viability.
According to the CMA, a thorough review of the activities currently undertaken by Brec Youth Platform Africa Limited revealed that, as presently structured, their operations do not amount to an “offer of securities” under the Capital Markets Authority Act, Cap. 64.
”For the avoidance of doubt, this clarification is not an endorsement of YPA, nor an assurance of the safety of its activities,” the Authority noted in its statement.
The regulator explained that under the CMA Act, securities are strictly defined to include investment contracts, shares, bonds, debentures, or any units offered under collective investment schemes. Entities offering such financial instruments are legally required to obtain approval, prepare a prospectus, and operate under a CMA license.
Because YPA’s current setup falls outside this specific definition, it is not subject to CMA licensing or direct supervision. However, the Authority noted that such arrangements might still be subject to other legal frameworks and regulations within the country.
A Call for Public Vigilance
With various investment schemes frequently launching across Uganda, the CMA urged the public to exercise extreme caution and conduct thorough due diligence before committing their hard-earned money to any platform.
The regulator reminded the public that not every invitation to invest constitutes a regulated offer of securities. To protect the integrity of Uganda’s financial system, the CMA stated it would continue to collaborate with sister regulators under the Financial Sector Stability Forum (FSSF) and other relevant government agencies to monitor activities that cross into other legal domains.
Investors are strongly advised to only deal with licensed and approved market players. A verified and up-to-date list of all CMA-licensed intermediaries, advisors, and approved financial products is publicly accessible via the official regulatory website at www.cmauganda.co.ug.
