WHEREAS, it has become necessary to establish a capital market to support the development of the national economy through. mobilising capital, promoting financial innovation, and sharing investment risks,

WHEREAS, it is necessary to adopt a legal framework for the regulation and supervision of the capital market to ensure the fairness, integrity, and efficiency of the market and protect investors,

WHEREAS, it is necessary to legislate uniform requirements for the regulation of issuers who desire to raise capital from public investors;

WHEREAS, it is necessary to adopt a legal framework for effective monitoring and surveillance of the capital market to detect, mitigate, and prevent systemic risk to the country’s financial system,

NOW, THEREFORE, in accordance with Article 55(1) of the Constitution of the Federal Democratic Republic of Ethiopia, it is hereby proclaimed as follows: