The Deposit Protection Fund of Uganda (DPF) was established as a separate legal entity created under the Financial Institutions Act, 2004 as amended in 2016 and the DPF regulations, 2019. The mandate of the DPF is to contribute to financial sector stability and building public confidence.
DPF conducted a consultative workshop with commercial institutions under the theme “The Draft Principles Paper to Enhance the Deposit Protection Fund Legal Regime.” The purpose of the engagement was to propose a standalone legal regime that will enhance the DPF legal framework and strengthen the execution of its mandate.
The Principles Concept Paper highlighted developments in the financial sector and was benchmarked on international best practices and core principles of the International Association of Deposit Insurers (IADI).
The proposed law is to also permit the DPF to use its resources to finance the resolution of struggling banks without compromising its key mandate of providing deposit insurance.
DPF engages with its stakeholders to ensure that they get the buy-in of stakeholders and that the law is aligned to the needs of the industry.
For the event full photo gallery, click HERE