Submit to cabinet a policy paper outlining the establishment of a new regulatory framework for financial institutions not under the statutory supervision of the BOU. These financial institutions will include private and public pension funds, insurance companies, and the Uganda Development Bank.
At P1R3, not observed, and waiver granted. The framework for supervision of pension funds has been submitted to Cabinet. The insurance industry is already being regulated by the insurance commission. An appropriate entity to regulate SACCOs will be found. The framework for UDB will not be established due to the UDB's relatively small size.