Capital market authority (cma), Finance Basics

Capital Market Authority (CMA)

Was established in 1990 with an Act of Parliament to assist, in creation of a conducive environment, for growth and development of capital markets in US.

Role of CMA

1. To eliminate bottlenecks and generate awareness for investment in long term securities.

2. To serve as efficient bridge between the private and public sectors

3. Create an environment that will give confidence local companies to go public

4. To grant licenses and approvals to brokers

5. To control a compensation fund to protect investors from financial losses that must licensed brokers fail to meet their contractual obligation.

6. Act like a watchdog for the whole capital market system

7. To establish operational regulations and rules on placement of securities

8. To implement government programs and policies along with respect to the capital markets.

Posted Date: 2/1/2013 1:41:19 AM | Location : United States







Related Discussions:- Capital market authority (cma), Assignment Help, Ask Question on Capital market authority (cma), Get Answer, Expert's Help, Capital market authority (cma) Discussions

Write discussion on Capital market authority (cma)
Your posts are moderated
Related Questions
The Audiology Department at Randall Clinic offers many services to the clinic''s patients. The three most common , along with cost and utilization data, are as follows: Service Var

Your daughter is a beginning freshman in high school. By the time she enters her freshman year in college, you would like to have savings accumulated to pay her tuition for her nex

A manufacturing organisation has three production cost centres, the cutting department, the processing department and the finishing department, and two service cost centres, the st

Dividend Policies and Decisions Dividend policy determines the division of earnings among payments to stock holder's ad re-investment in the firm.  Hence now it looks at the f

#ques1. Steve and Ed are cousins who were both born on the same day, and both turned 25 today. Their grandfather began putting $2,500 per year into a trust fund for Steve on his 20

capital structure of 38% common stock and 62% debt. A debt issue of 1000 par value, 5.6% bonds that mature in 15 years and pay annual interest will sell for $979.dividends have gro

For each of the financial statement ratios listed below calculate the ratio for the current year and for the prior year. (Note that in most textbooks, some of the ratios call for a

Current cost of a bond: You know that the after-tax cost of debt capital for Bubbles Champagne is 7 percent. If the firm has only one issue of five-year maturity bonds outstanding,


I need help with : an introduction to financial markets and institutions , 2 edition , brown, nesiba, burton