QUESTION 12- INTEGRATION OF SECURITIES MARKETS IN EAC

UNIVERSITY OF NAIROBI- SCHOOL OF LAW

GPR 442: SECURITIES REGULATION

GROUP 12 WORK ALLOCATION, PAGE LIMIT AND DAY OF TACKLING THE WORK

Course Instructors: Mr. Francis Njihia Kaburu, 0721 703 770, fkaburu@uonbi.ac.ke

NOTE THAT:

Instructions

1. This assignment earns you the course work mark 30/100.

2. The first name under each 2-person cluster is the group leader. He/she is the only one to submit the
group assignment.

3. Each assignment is allocated as group assignment to more than one group from same or different
cohorts. Ensure each group works independently of the other and produces independent work devoid of
copy pasting from each other.

4. Should any person drop out from your group, do the assignment as individual assignment and submit.

5. The lecturer is in charge of group allocations. Strictly no changing groups. Such actions shall earn
student zero marks.

6. The final draft should be not more than 25 pages typed.

7. It should adhere to Times New Roman font 12, single spacing, and normal margins.

8. The final work MUST be submitted on Google Classroom by Thursday 30th March2023.

9. Remember to use references and citation in your work to avoid plagiarism and make it easy for the
lecturer to follow the work.

10. Make your work detailed as possible on your work. What l call meticulous work.

11. To make it easy to do this assignment, do your work in terms of task per day and limit it per
number of pages and send the task per day. Kindly. The pages should reach up to 24 pages in addition
on our tasks

Parklands Evening/Day GROUP MEMBERS

GITAU RYAN MBUGUA G34/139350/2020 0707618666

MARY MUTHONI WANGARI G34/275/2018 0720307551
ABSTRACT AND INTRODUCTION.

 Define integration of capital markets- MONDAY- MARY MUTHONI- 1 PAGE

 What are the advantages and disadvantages of integrating stock markets on a regional basis?-
MONDAY-MARY MUTHONI- 2 PAGES
 Describe the following models of regional integration of stock exchanges-MONDAY-GITAU
RYAN MBUGUA- 6 PAGES
 Loose linkages- strategic alliances for cooperation platform-sharing arrangements
 Informal unification- cross and multiple listing
 Mutual recognition/ substituted compliance
 Full harmonization
 Unification- regional stock exchange regional stock exchange that co-exists with national
stock exchanges or complete unification
 Explain the provisions of the EAC Treaty, Common market Protocol and the Monetary Union
Protocol on securities law harmonization and integration of stock exchanges within East African
Community. - TUESDAY- MARY MUTHONI- 6 PAGES
 Provide a general overview of regulatory issues that will affect EAC securities law harmonization
and integration of stock exchanges and make proposals on how to address each of these legal
issues towards achieving merger. - TUESDAY- MARY MUTHONI.- 2 PAGES
 Evaluate progress made by EAC on the following aspects strictly, as they relate to securities
market integration. Identify the outstanding issues (TUESDAY AND WEDNESDAY- GITAU RYAN
MBUGUA)- 10 PAGES
 Regional approach/Coordination to national capital market development
 Capital account liberalization
 Currency convertibility
 Cross-border access/ Domestic Investor Status
 Cross listing
 Tax harmonization
 Common Market Infrastructure- trading systems, clearing and settlement- link
depository with payment systems, broker-exchange-depository linkages, and broker-
customer. EAC Common Capital Markets Infrastructure (CMI) project.
 Cross Border Dispute resolutions
 Harmonized laws- Approximation and Harmonization of Securities Laws, EAC capital
market directives
 Unification of Market/Common market structure
 Regional Training/certification, Recognition and Mobility of Market Professionals-
Securities Industry Training Institute of East Africa (SITI-EA), MoUs with UK’s Chartered
Institute for Securities & Investment (CISI) to offer Capital Market Certification
Licensing Programmes
 Cross border insolvency

 Make proposals on further reforms necessary towards accelerating the integration of securities
markets in EAC. –( WEDNESDAY AND THURSDAY)- MARY MUTHONI- 2 PAGES