The CMA says the licensed broker is Chipper Technologies Uganda Ltd
The Capital Markets Authority (CMA) has said Chipper Cash International Ltd is not licensed or approved by the Authority as a stock broker contrary to some media reports.
The CMA says it’s Chipper Technologies Uganda Ltd that was licensed by the Authority as a broker on 26th August 2021.
The CMA’s response follows an article titled: “Capital Markets petitioned over Chipper Cash global shares” that appeared in the Daily Monitor newspaper on Thursday, March 31st 2022 on page 31.
The CMA confirmed receipt of a written inquiry from Mr. Samuel Obedgiu. A similar inquiry was circulated on twitter by an account named “Strike Machine@MACHINEmakproj1.”
“This is to inform the public that “Chipper Technologies Uganda Ltd”, was licensed by the authority as a broker on 26th August 2021. Consequently, the firm applied for membership of the Uganda Securities Exchange (USE) as a broker. The firm is required to always comply with the Capital Markets (Advertisements) Regulations, 1996,” CMA says, adding: “The inquiry received by the Authority refers to “Chipper Cash International Ltd” which is not licensed or approved by the Authority.”
