Ethiopia - Obtain Authorised Securities Dealer License

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Procedure

Apply In-Person:

1. Application form for obtaining an Authorised Securities Dealer License is available in the National Bank of Ethiopia contact link
2. Applicant has to get the application form from the respective office.
3. Applicant has to enter all information that is mentioned under “Required Information” section of this page.
4. Applicant must make sure to carry all documents that are mentioned under “Required Documents” section of this page.
5. The applicant should attach the necessary documents along with the application form while submitting.
6. Submit the application form to the respective authority.
7. Fee for this procedure has per the authority’s request.
8. If all the above-mentioned procedures were followed properly, applicant can get their license within 25 days.
   

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Required Documents

• Completed application form
• Business plan with the required regulation
• A statement of the un-audited accounts for the period of accounting year ending not earlier than six months prior to the date of application and audited annual accounts for the preceding two years (in the case of application of licence), management accounts up to the 30th November and audited annual accounts for the preceding year (in the case of renewal of licence)
  • A declaration by the directors as to whether after due enquiry by them in relation to the interval between the date to which the last accounts have been made and a date not earlier than fourteen days before the date of the application
  • The business of the company has, in their opinion, been satisfactorily maintained
  • There have, in their opinion, arisen any circumstances adversely affecting the company’s trading or value of its assets
  • There are any contingent liabilities by reason of any guarantees given by the company or any of its subsidiaries
  • There are, since the last annual accounts, any changes in published reserves or any unusual factors affecting the profit of the company or any of its subsidiaries.
• A copy of the bank guarantee to be lodged with the securities exchange or the central depository (where applicable).
• A declaration by persons authorized as prescribed to accompany the application form.
  

Office Locations & Contacts

National Bank of Ethiopia
P.O. Box: 5550
Tel: +251 115 517 430
E-mail: [email protected]
Fax: +251 115 514 588
Contact link

Eligibility

A person carrying a business as an authorised dealer is eligible to acquire authorised depository license.

Fees

Fee for this procedure has to be paid as per authority’s request.

Validity

The granted license remains valid unless it is suspended or repealed by the authority.

Documents to Use

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Sample Documents

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Processing Time

The processing time for this procedure is 25days.

Related Videos

Videos explaining the procedure or to fill the applications.
Attach videos using the following tag <&video type='website'>video ID|width|height<&/video&> from external websites.
Please remove the '&' inside the tags during implementation.
Website = allocine, blip, dailymotion, facebook, gametrailers, googlevideo, html5, metacafe, myspace, revver,
sevenload, viddler, vimeo, youku, youtube
width = 560, height = 340, Video ID = Can be obtained from the URL of webpage where the video is displayed.
e.g In the following url 'http://www.youtube.com/watch?v=Y0US7oR_t3M' Video ID is 'Y0US7oR_t3M'.

Instructions

• Applicant must complete the application form before submitting. Incomplete applications will not be accepted.
• Applicant must provide genuine information while applying for this procedure.
  

Required Information

• Name of the company
• Registered office
• Date of incorporation
• Address
• Email
• Business reference
• List of office facility of the applicant
  

Need for the Document

An authorized securities dealer licence allows a person to deal in securities and operate in a specified market segment as may be prescribed by the capital markets authority.

Information which might help

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Other uses of the Document/Certificate

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e.g. Birth Certificate can be used as proof of identity.

External Links

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Others

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