- Train Regulatory Authority staff on crowdfunding, from basics to in-depth regulatory frameworks
- Outline a framework of engagement of the Regulatory Authority with local and foreign crowdfunding platforms
- Set up feedback loops between Regulatory Authority and key stakeholders (CMA, AG and other relevant government authorities, entrepreneurial ecosystem, platforms, consultants, local funds and investors)
2-day workshop in country at a suitable venue
½ day presentation by ACfA / LelapaFund + ½ day work/discussion sessions in groups
Morning break, lunch and afternoon break
- What is crowdfunding (4 main types –equity, debt, donations, rewards) and what is its stage of development in Africa today?
- Key differences between investing through a CF platform and a fund
- Interests and Risks for Investors
- Interests and Risks for Issuers
- Potential to boost SME growth and financial inclusion in Uganda
- What type of company is targeted? What financial instruments are best suited?
- Applicable regulations already in existence (public offerings; general solicitation)
- Pre-fundraising and investment readiness
- Capacity of Ugandan ecosystem to provide affordable services to SMEs raising capital
- Fundraising process (reporting, governance, exit mechanisms, Uganda stock exchange and secondary market options)
- Post-fundraise obligations
- What type of intermediary is the platform?
- What are key differences between platforms in US, UK and France?
- What similar mechanisms exist in Uganda?
- How should the regulator ensure the quality of platforms?
- Payments mechanisms and flow of funds
- Anti-Money laundering and terrorism financing obligations
- Data privacy and protection
- Who can invest?
- Fiscal incentives and public policies for SME growth
- Investor protection and investment advice
- Investor segmentation and KYC
- Charter of good practice and ethics
- Cross-border concerns (relevant legal equivalencies, foreign investor taxes, currency hedging, AML/KYC)
- Regional regulatory frameworks for harmonisation and passporting licences
- Outline immediate actions to encourage investment in the industry from UIA and CMA?
- Outline regulatory approach
- Milestone mapping
- Overview of interaction/strategy with other African regulators
- Identification of key stakeholders
- Set up feedback loops with key stakeholders
- Summarise all the above into a position paper
- Economy class return trip to country: $600 estimate
- Documentation to delegates (minimum $30 per delegate @ 10 delegates = $300)
- Workshop fee $4000 per day excl VAT = $8000 excl VAT @20%
- Total estimated cost: $10500 incl VAT