MINISTERIAL ORDER N° 003/12/2012 OF 18/05/2012 DETERMINING THE ORGANIZATION AND FUNCTIONING OF THE CAPITAL MARKET INDEPENDENT REVIEW PANEL AND ITS COMPOSITION
This article says the Order sets out the organization, functioning, and composition of the Capital Market Independent Review Panel.
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- 003/12/2012 OF 18/05/2012
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This article says the Order sets out the organization, functioning, and composition of the Capital Market Independent Review Panel. This article defines key terms used in the Order. The Review Panel must have seven members appointed by the Minister in charge of finance from specified institutions, based on competence. Certain Capital Market Authority officials cannot serve on the panel. Members of the Review Panel serve a two-year term, renewable once only. A Review Panel member must leave office if any listed condition happens, including expiry of term, written resignation, incapacity, certain imprisonment, repeated unjustified absences, loss of appointment requirements, misconduct, harming CMA’s interests, or death.
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Provisions of MINISTERIAL ORDER N° 003/12/2012 OF 18/05/2012 DETERMINING THE ORGANIZATION AND FUNCTIONING OF THE CAPITAL MARKET INDEPENDENT REVIEW PANEL AND ITS COMPOSITION
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Icyo iri teka rigamije
AI-assisted research summary: This article says the Order sets out the organization, functioning, and composition of the Capital Market Independent Review Panel.
Ingingo ya mbere: Icyo iri teka rigamije Article One: Purpose of this Order Article premier: Objet du présent arrêté Ingingo ya mbere: Icyo iri teka rigamije Article One: Purpose of this Order Article premier: Objet du présent arrêté teka rigena Iri imikorere by’Akanama Kigenga k’Ubujurire k’Isoko ry’Imari n’Imigabane rikanagena abakagize. imiterere, This Order determines the organization, functioning and composition of the Capital Market Independent Review Panel. Le présent arrêté détermine l’organisation, le fonctionnement et la composition du Comité Indépendant du Marché de de Recours Capitaux. - 2 Verify source ↗
Ibisobanuro by’amagambo
AI-assisted research summary: This article defines key terms used in the Order.
Ingingo ya 2: Ibisobanuro by’amagambo Article 2: Définitions Article 2 : Définitions UMUTWE WA IMITERERE, IMIKORERE N’ABAGIZE AKANAMA K’UBUJURIRE II: II: CHAPTER ORGANIZATION, FUNCTIONING AND COMPOSITION OF THE CAPITAL MARKET INDEPENDENT REVIEW PANEL II : CHAPITRE ORGANISATION, FONCTIONNEMENT ET COMPOSITION DU COMITE INDEPENDANT DE RECOURS DU MARCHE DE CAPITAUX ya Ingingo k’Ubujurire 3: Abagize Akanama Ingingo ya 2: Ibisobanuro by’amagambo Article 2: Definitions Article 2 : Définitions iri Muri ibisobanura bikurikira: teka, amagambo akurikira afite In this this Order, the following terms shall have the following definitions: Aux fins du présent arrêté, les termes suivants ont les significations suivantes: 1° “Ujurira”: umuntu uwo ariwe wese 1° "Appellant”: any person who has 1° “Appelant” : toute personne qui fait washyikirije Akanama ubujurire; forwarded an appeal to the Panel; appel au Comité de Recours; 2° “Ikigo” cyangwa “CMA”: Ikigo cya ry’imari Leta gishinzwe n’imigabane mu Rwanda ; isoko 2° "The Authority” or “CMA”: Public Institution responsible for regulating the capital market in Rwanda ; 2° “L'Office” ou “CMA” : institution publique chargée du marché de capitaux au Rwanda ; 3° “Akanama k’Ubujurire”: akanama kigenga gashinzwe kwakira ubujurire ku byemezo byafashwe n’Ikigo no ku yindi myanzuro iyo ariyo yose ijyanye n’isoko ry’imari n’imigabane. 3° “The Review Panel”: the Independent Review Panel on decisions taken by the Authority and any other matter related to the capital market. 3° “ Le Comité de Recours” : le Comité Indépendant de Recours relatif aux décisions prises par l’Office et à toute autre affaire relative au marché de capitaux. 18 Official Gazette nº 23 of 04 June 2012 IMITERERE, UMUTWE WA IMIKORERE N’ABAGIZE AKANAMA K’UBUJURIRE II: II: ORGANIZATION, CHAPTER FUNCTIONING AND COMPOSITION OF THE CAPITAL MARKET INDEPENDENT REVIEW PANEL II : ORGANISATION, CHAPITRE FONCTIONNEMENT ET COMPOSITION DU COMITE INDEPENDANT DE RECOURS DU MARCHE DE CAPITAUX Ingingo ya k’Ubujurire 3: Abagize Akanama - 3 Verify source ↗
Composition of the Review Panel
AI-assisted research summary: The Review Panel must have seven members appointed by the Minister in charge of finance from specified institutions, based on competence. Certain Capital Market Authority officials cannot serve on the panel.
Article 3: Composition of the Review Panel Article 3 : Composition du Comité de Recours Article 3: Composition of the Review Panel Article 3 : Composition du Comité de Recours Akanama k’Ubujurire kagizwe n’abantu barindwi (7) bashyirwaho na Minisitiri ufite Imari mu nshingano ze bishingiye ku bushobozi bwabo kandi bagaturuka mu bigo bikurkira: The Review Panel shall be composed of seven (7) members appointed upon their Competence by the Minister in charge of finance following their skills from the following Institutions: Le Comité de Recours est composé de sept (7) membres nommés par le Ministre ayant les finances dans ses attributions sur base de leurs compétences institutions issus suivantes : des et 1° Minisiteri y’Imari n’Igenamigambi; 1° the Ministry of Finance and Economic 1° Ministère des Finances et de la 2° Minisiteri y’Ubutabera; 3° Banki Nkuru y’u Rwanda; 4° Ishyirahamwe Rwanda ; ry’amabanki Planning; 2° the Ministry of Justice; 3° National Bank of Rwanda; 4° Bank Association of Rwanda ; mu Planification Economique ; 2° Ministère de la Justice; 3° Banque Nationale du Rwanda; 4° Association des banques du Rwanda; 5° Urugaga rw’Abikorera mu Rwanda; 6° Uragaga rw’Abavoka mu Rwandai; 7° Amashuri makuru na za Kaminuza zo 5° Private Sector Federation ; 6° Kigali Bar Association; 7° Institutions of Higher Learning of 5° Fédération du Secteur Privé; 6° Association du Barreau de Kigali; 7° Institutions d'enseignement supérieur mu Rwanda. Rwanda. du Rwanda. Icyakora, abayobozi, abakozi n’abagize Inama y’Ubutegetsi y’Ikigo gishinzwe Isoko ry’Imari n’Imigabane ntibemerewe kuba abagize Akanama k’Ubujurire. staff members and However, managers, members of the Board of Directors of Capital Market Authority shall not be allowed to be members of the Review Panel. Toutefois, les dirigeants, le personnel et les membres du Conseil d'Administration de l’Office des Marchés de Capitaux ne sont pas autorisés à être membre du Comité de Recours. 19 Official Gazette nº 23 of 04 June 2012 - 4 Verify source ↗
Manda y’abagizi Akanama
AI-assisted research summary: Members of the Review Panel serve a two-year term, renewable once only.
Ingingo ya 4: Manda y’abagizi Akanama k’Ubujurire Article 4: Term of office for Review Panel members Article 4: Mandat des membres du Comité de Recours Ingingo ya 4: Manda y’abagizi Akanama k’Ubujurire Article 4: Term of office for Review Panel members Article 4: Mandat des membres du Comité de Recours Abagize Akanama k’Ubujurire bagira manda y’igihe cy’imyaka ibiri (2) ishobora kongerwa inshuro imwe gusa. The term of office for members of the Review Panel shall be two (2) years renewable only once. Les membres du Comité de Recours ont un mandat de deux (2) ans renouvelable une seule fois. - 5 Verify source ↗
Kureka imirimo
AI-assisted research summary: A Review Panel member must leave office if any listed condition happens, including expiry of term, written resignation, incapacity, certain imprisonment, repeated unjustified absences, loss of appointment requirements, misconduct, harming CMA’s interests, or death.
Ingingo ya 5: Kureka imirimo Article 5: Cessation of Duties Article 5: Cessation des fonctions Ingingo ya 5: Kureka imirimo Article 5: Cessation of Duties Article 5: Cessation des fonctions Ugize Inama y’Ubujurire ava muri uwo mwanya iyo: A member of the Review Panel shall leave his/her position if: Un membre du Comité de Recours perd la qualité de membre s’il : 1° manda ye irangiye; 1° the term of office expires; 2° yeguye akoresheje inyandiko; 2° he/she resigns in writing; 1° termine son mandat; 2° démissionne par écrit; 3° atagishoboye gukora imirimo ye kubera ubumuga bw’umubiri cyangwa uburwayi bwo mu mutwe, byemejwe na muganga wemewe na Leta; 3° he/she is no longer able to perform his/her duties due to physical or mental disability certified by an authorized medical doctor; 3° n'est plus en mesure de remplir ses fonctions d'incapacité physique ou mentale constatée par un médecin agréé; cause pour 4° akatiwe burundu cyangwa kingana atandatu (6) nta subikagihano; igihano cy’igifungo amezi kirengeje 5° asibye (3) zikurikirana nta mpamvu zifite ishingiro; inshuro eshatu inama 4° he/she is definitively sentenced to a term of imprisonment equal to or exceeding six (6) months without suspension of the sentence; 4° est définitivement condamné à une peine d'emprisonnement égale ou supérieure à six (6) mois sans sursis; 5° he/she is absent in meetings for three (3) justified times with no consecutive reasons; 5° s’absente des réunions plus de trois fois consécutives sans raisons justifiées; 6° bigaragaye ko atacyujuje ibyashingiweho ashyirwa mu Kanama k’Ubujurire ; 6° he/she no longer fulfils the requirements time of his/her the considered at 6° ne remplit plus les conditions requises au moment de sa nomination au Comité de 20 Official Gazette nº 23 of 04 June 2012 appointment in the Review Panel; Recours; 7° agaragaje imyitwarire itajyanye 7° he/she demonstrates behaviours contrary 7° démontre des comportements contraires à n’inshingano ze; to his/her responsibilities; ses responsabilités ; 8° abangamira inyungu za CMA; 8° he/she jeopardizes the interests of CMA; 8° met en péril les intérêts du CMA; 9° iyo apfuye. 9° he/she dies. 9° meurt. - 6 Verify source ↗
Ubujurire
AI-assisted research summary: An appeal must be filed in writing to the Review Panel within 15 days after the appellant learns of the complaint-triggering circumstances.
Ingingo ya 6: Ubujurire Article 6: Appeal Article 6: Recours 14 ya Ingingo z’Akanama k’Ubujurire 7: Itumizwa Official Gazette nº 23 of 04 June 2012 ry’inama Ingingo ya 6: Ubujurire Article 6: Appeal Article 6: Recours Ubujurire bukorwa mu nyandiko mu gihe kitarenze iminsi cumi n’itanu (15) uhereye igihe ujurira yamenyeyeho ibyo ashingiraho ajurira. The appeal shall be made in writing to the Review Panel within fifteen (15) days following the time the appellant became aware of the circumstances giving rise to a complaint. kagomba k’Ubujurire gufata Akanama icyemezo mu minsi mirongo itatu (30) uhereye umunsi kashyikirijweho ubujurire. Igihe kadashoboye kugera ku mwanzuro mu gihe (30) kagomba cy’iminsi mirongo kumenyesha uwajuriye hamwe n’Ikigo ko hakenewe Igihe cy’inyongera nti gishobora kurenga iminsi mirongo itatu (30). cy’inyongera. igihe itatu The Review Panel shall take decision within thirty (30) days following the receipt of a complaint. If the Review Panel is unable to issue a decision within thirty (30) days, it shall inform both the applicant and the Authority of the need for additional time. Additional time shall not go beyond thirty (30) days. Le recours est adressé par écrit au Comité de Recours dans un délai de quinze (15) jours à compter du moment où l’appelant a pris connaissance des circonstances donnant lieu au recours. Le Comité de Recours rend une décision dans les trente (30) jours qui suivent la réception du recours. Si le Comité de Recours n’est pas en mesure de rendre sa décision dans les trente (30) jours, il en informe l’appelant et l'Office de la nécessité d’un délai supplémentaire. Le délai supplémentaire ne peut pas excéder trente (30) jours. Ingingo ya z’Akanama k’Ubujurire 7: Itumizwa ry’inama - 7 Verify source ↗
Convening Review Panel Meetings
AI-assisted research summary: The Review Panel is to be convened in writing, with other communication methods allowed in urgent cases.
Article 7: Convening Review Panel Meetings Article 7: Convocation des Réunions du Comité de Recours Article 7: Convening Review Panel Meetings Article 7: Convocation des Réunions du Comité de Recours Akanama k’Ubujurire gatumizwa mu nyandiko The Review Panel shall be convened in writing Le Comité de Recours est convoqué par écrit, 21 Official Gazette nº 23 of 04 June 2012 ariko gashobora gutumizwa hakoreshejwe ubundi buryo bw’itumanaho mu gihe cyose hari impamvu yihutirwa. but may also be convened through other means of communication in case of urgency. mais il peut également être convoqué par le biais d'autres moyens de communication en cas d'urgence. Inama z’Akanama k’Ubujurire zitumizwa na Perezida cyangwa Visi perezida igihe Perezida adahari. The meeting of the Review Panel shall be held upon invitation by its Chairperson or in case of his/her absence, by the Vice Chairperson. La réunion du Comité de Recours est tenue à l'invitation de son Président ou, en cas de son absence, par son Vice-président. k’Ubujurire Iyo Akanama kagejejweho ubujurire bwandikwa mu gitabo cyabugenewe. Perezida w’Akanama kopi y’ubujurire abagize Akanama abamenyesha umunsi hazasuzumwa ubwo bujurire. yoherereza When the Review Panel receives the appeal it shall be recorded it in its appeals register. The Chairperson of the Panel shall forward the copy of appeal to other members and he/she shall inform them of the date on which the appeal will be examined. Lorsque le Comité de Recours reçoit un recours, celui-ci est enregistré dans le registre des recours. Le Président du Comité de Recours transmet la copie du recours aux autres membres en les informant de la date à laquelle le recours sera examiné. - 8 Verify source ↗
Ubufasha bw’inyongera mu
AI-assisted research summary: The Authority may supply staff or another person to the Review Panel when asked; that person must not join the Panel’s meetings or decision-making. The Panel may also seek expert help, but the expert must have no direct or indirect interest in the case, and the Panel is not bound by the expert’s advice.
Ingingo ya 8: Ubufasha bw’inyongera mu Kanama k’Ubujurire Article 8: Additional assistance to the Review Panel Article 8: Appui supplémentaire au Comité de Recours Ingingo ya 8: Ubufasha bw’inyongera mu Kanama k’Ubujurire Article 8: Additional assistance to the Review Panel Article 8: Appui supplémentaire au Comité de Recours Ikigo gishobora gutiza abakozi bacyo cyangwa kugena undi muntu wese ighe cyose Akanama k’Ubujurire kaba kabisabye kugira ngo kabashe kurangiza inshingano zako. Ariko uwo mukozi cyangwa undi wese watijwe Akanama k’Ubujurire ntabwo yemerewe gukurikirana y’Akanama imikorere k’Ubujurire cyangwa kugira uruhare mu ifatwa ry’ ibyemezo. The Authority may provide to the Review Panel with its officers or any other person upon request for the proper fulfillment of the Review Panel’s function. However, such a person shall not participate in any meetings of the Review Panel as well as in the decision making process. L'Office peut fournir au Comité de Recours, sur sa demande, tout membre de son personnel ou toute autre personne pour le bon exercice de ses fonctions. Cependant, une telle personne ne peut pas participer aux réunions du Comité de Recours ni au processus de prise de décision. k’Ubujurire Akanama gashobora kwiyambaza impuguke. Uko byagenda kose iyo mpuguke ntigomba kuba ifite inyungu iyo ariyo yose haba mu buryo butaziguye cyangwa kandi The Review Panel may seek assistance from an expert. However, such an expert shall not have any interest directly or indirectly in the case, and the Review Panel shall not be necessary Le Comité de Recours peut demander l'assistance d'un expert. Cependant, l’expert ne doit pas avoir d'intérêt direct ou indirect dans l'affaire et le Comité de Recours n’est pas 22 Official Gazette nº 23 of 04 June 2012 buziguye ku kibazo yatumiwemo, kandi Akanama k’Ubujurire nta nshingano gafite gukurikiza inama yatanzwe n’impuguke mu gufata umwanzuro. bound by the advice given by the expert when taking its decisions. obligé d'utiliser les conseils donnés par l'expert lors de la prise de ses décisions. - 9 Verify source ↗
Itumizwa ry’abandi bantu mu
AI-assisted research summary: The Review Panel may require any person to attend its meeting and provide evidence or documents.
Ingingo ya 9: Itumizwa ry’abandi bantu mu nama z’Akanama k’Ubujurire Article 9: Inviting third parties to attend a Review Panel meeting Article 9: Invitation d’une tierce personne à assister à la réunion du Comité de Recours Ingingo ya 9: Itumizwa ry’abandi bantu mu nama z’Akanama k’Ubujurire Article 9: Inviting third parties to attend a Review Panel meeting Article 9: Invitation d’une tierce personne à assister à la réunion du Comité de Recours Akanama k’Ubujurire gashobora gusaba uwo ari we wese kwitaba inama yako kugirango atange ibimenyetso yaba afite cyangwa acunze, iyo Akanama k’Ubujurire kabona ko bikenewe kugirango karangize inshingano zako. Inyandiko isaba kwitaba igaragaza igihe n’aho inama izabera. The Review Panel may require any person to attend its meeting to give evidence or to produce any document in his/her possession or under his/her control which the Review Panel considers necessary to fulfill its obligations. Such a request shall specify time and place for the meeting. Le Comité de Recours peut exiger toute personne à participer à sa réunion pour produire toute preuve ou document en sa possession ou qu’il détient que le Comité de Recours juge nécessaire pour remplir ses obligations. La demande doit préciser la date et lieu de la réunion. - 10 Verify source ↗
Kwisubiraho k’uwatanze
AI-assisted research summary: An appellant may withdraw an appeal before the Review Panel finishes. If that happens, the Review Panel must stop investigating and inform the Authority.
Ingingo ya 10 : Kwisubiraho k’uwatanze ubujurire Article 10: Withdrawal of the appeal Article 10: Retrait du recours Ingingo ya 10 : Kwisubiraho k’uwatanze ubujurire Article 10: withdrawal of the Appeal Article 10: Retrait du recours Ujuriye ashobora igihe icyo aricyo cyose Akanama k’Ubujurire katarafata icyemezo ku bujurire kwisubiraho ku byo yari yajuririye. An appellant may at any time before the conclusion of the Review Panel proceedings withdraw his/her appeal. Un appelant peut à tout moment avant les conclusions du Comité de Recours retirer son recours. Iyo uwajuriye yisubiyeho ku bujurire yari yatanze, Akanama k’Ubujurire gahagarika iryo suzuma hanyuma kakamenyesha Ikigo ko uwajuriye yisubiyeho. Where an appeal is withdrawn by the appellant, the Review Panel shall immediately cease investigating shall immediately inform the Authority of the appeal withdrawal. complaint and the Lorsqu'un recours est retiré, le Comité de Recours cesse immédiatement d'instruire la demande et informe immédiatement l'Office du retrait du recours. Iyo ubujurire bumwe bwatanzwe n’abantu babiri cyangwa barenze babiri, kwisubiraho k’umwe cyangwa kwa benshi ntabwo biha Where two or more appellants have submitted an appeal to the Review Panel the withdrawal of the appeal by one or more of them shall not Lorsque deux ou plusieurs appelants ont présenté un recours au Comité de Recours, le retrait du recours par un ou plusieurs d'entre 23 Official Gazette nº 23 of 04 June 2012 k’Ubujurire Akanama uburenganzira guhagarika isuzuma ku birebana n’umwe muri bo utigeze yisubiraho. affect the functions of the Review Panel in respect of the applicant who has not withdrawn the appeal. eux n’affecte pas les fonctions du Comité de Recours en ce qui concerne l’appelant, qui n'a pas retiré sa requête. - 11 Verify source ↗
Icyemezo cy’Akanama
AI-assisted research summary: The Review Panel must send its signed decision to the Authority, with copies to the concerned organ or the applicant.
Ingingo ya 11 : Icyemezo cy’Akanama k’Ubujurire Article 11: Review Panel’s Decision Article 11: Décision du Comité de Recours Ingingo ya 11 : Icyemezo cy’Akanama k’Ubujurire Article 11: Review Panel’s Decision Article 11: Décision du Comité de Recours Icyemezo cy’Akanama k’Ubujurire kiriho umukono wa Perezida wako hamwe n’abagize inteko bose yohererezwa Ikigo, kopi yacyo igahabwa urwego bireba cyangwa uwatanze ubujurire. The Review Panel’s decision signed by the Chairperson of the Review Panel and all persons who participated in the deliberations shall be addressed to the Authority with copies to the concerned organ or applicant. La décision du Comité de Recours signé par son et toutes les personnes qui ont participé aux délibérations est adressée à l'Office avec copies à tout organe concerné ou à l’appelant. Mu gihe hategurwa icyemezo, iyo Akanama k’Ubujurire kabona ko hari amakuru ashobora guhungabanya cyagwa kubangamira inyungu z’umuntu gakora ibishoboka byose ayo makuru akavanwa mu cyemezo mbere y’uko gitangazwa. atangajwe, aramutse When preparing the decision, if the Review Penal finds that some information would or might prejudice the interest of a particular person once published, the Review Penal shall exclude its publication. the decision before from it hamaze gashobora, k’Ubujurire kandi iyo Akanama kabisabwe kwishyurwa amafaranga ateganywa, guha kopi y’icyemezo umuntu wese urebwa n’icyo cyemezo cyangwa undi wese ubifitemo inyungu yaba umukiriya cyangwa uberewemo umwenda. The Review Panel may, upon request and on payment of the prescribed fee, give a copy of its decision to any person concerned with the decision or to any other person whose interests as a client or creditor are affected by the appeal. Lors de la préparation de la décision, si le Comité de Recours trouve qu’il existe une information qui, une fois publiée, pourrait porter atteinte aux intérêts d’une personne, le Comité de Recours retire cette information de la décision avant sa publication. Le Comité de Recours peut, sur demande et après paiement des frais prescrits, donner une toute personne copie de sa décision à concernée par la décision ou à toute autre personne dont les intérêts en tant que client ou créancier sont affectés par le recours. Iyo Akanama k’Ubujurire kabona ko hari impamvu ifatika yo kudatangaza igice kimwe cy’icyemezo, gashobora gukura icyo gice mu cyemezo cyako. If the Review Panel is of the opinion that there is good reason for not disclosing a part of a decision it may remove that part from the final decision. Si le Comité de Recours est d'avis qu'il y a de bonnes raisons pour ne pas divulguer une partie de la décision, elle peut retirer cette partie de la décision finale. 24 Official Gazette nº 23 of 04 June 2012 - 12 Verify source ↗
Guhuza ubujurire
AI-assisted research summary: The Review Panel may join connected appeals or appeals about the same matter into one inquiry, must notify the Authority and appellants in writing, and appellants may comment within 5 days.
Ingingo ya 12 : Guhuza ubujurire Article 12: Joinder of Appeals Article 12: Jonction de recours Ingingo 13 : Iperereza rikorwa n’Akanama k’Ubujurire Ingingo ya 12 : Guhuza ubujurire Article 12: Joinder of Appeals Article 12: Jonction de recours Iyo Akanama k’Ubujurire kakiriye ubujurire burenze bumwe kandi ubwo bujurire bukaba ibibazo ikibazo kimwe cyangwa bureba bifitanye iyo kabona bikwiye, gashobora gutegeka ko ryakorwa iperereza kuri ubwo bujurire nk’iperereza rimwe. isano, Akanama k’Ubujurire Where the Review Panel receives more than one appeal which are connected or that relate to a same matter, the Review Panel may, if it considers it necessary, order that the relevant inquiries into the appeal be conducted as a single inquiry. Lorsque le Comité de Recours reçoit plus d'un recours qui sont connexes ou qui portent sur une même question, le Comité de Recours peut, s’il le juge nécessaire, ordonner que les investigations soient menées en une seule enquête. Iyo Akanama k’Ubujurire kumva ko ari rimwe, ngombwa ko hakorwa kabimenyesha n’uwatanze ubujurire cyangwa abatanze ubujurire bose iyo barenze umwe. iperereza ndetse Ikigo Uwajuriye cyangwa abajuriye bashobora gutanga ibitekerezo ku cyifuzo cy’Akanama k’Ubujurire ku buryo iperereza ryakorwamo mu gihe cy’iminsi itanu (5) uhereye igihe Akanama k’Ubujurire kabagerejeho icyo cyifuzo. Uko byagenda kose Akanama k’Ubujurire niko gafata umwanzuro wa nyuma ku bijyanye n’uburyo bukanogeye mu gukora iperereza. If the Review Panel is of the opinion that two or more inquiries are to be conducted as a single inquiry it shall give notice in writing to the Authority and the appellant or appellants if they are many. Si le Comité de Recours est d'avis que deux ou plusieurs enquêtes doivent être menées en une seule enquête, le Comité de Recours doit en adresser un avis écrit à l'Office et à l’appelant ou aux appelants, s’ils sont plusieurs. The appellant or appellants shall be entitled to comment on the mode of inquiry adopted by the Review Panel within five (5) days after receiving the written notice. In any case the final decision on the mode of inquiry to be used shall be vested in the Review Panel. L’appelant ou les appelants ont le droit de faire un commentaire sur le mode d'enquête adopté par le Comité de Recours dans un délai de cinq (5) jours après réception de l'avis écrit. Dans tout les cas, la décision finale sur le mode d'enquête revient au Comité de Recours. ya Ingingo n’Akanama k’Ubujurire 13 : Iperereza rikorwa - 13 Verify source ↗
Investigations by the review panel
AI-assisted research summary: After an appeal is received, the Review Panel must ask the Authority in writing for all appeal-related documents, and the Authority must send them within 7 days.
Article 13: Investigations by the review panel Article 13: Enquêtes menées par le Comité de Recours Article 13: Investigations by the review panel Article 13: Enquêtes menées par le Comité de Recours Nyuma yo kwakira ubujurire Akanama k’Ubujurire Ikigo kagisaba inyandiko zose za ngombwa zirebana kwandikira kagomba After receiving the appeal, the Review Panel shall, in writing, request the Authority to provide it with all the documentation related to Après la réception du recours, le Comité de Recours demande par écrit à l'Office de lui fournir toute la documentation relative à ce 25 k’Ubujurire n’ubwo bujurire. Ikigo kigomba gushyikiriza Akanama zose zerekeranye n’ubwo bujurire mu gihe kitarenze iminsi irindwi (7) y’akazi kuva umunsi Ikigo kiboneyeho inyandiko ibisaba. inyandiko Official Gazette nº 23 of 04 June 2012 the appeal. The Authority shall within seven (7) days from the day it received the request forward the documents to the Review Panel. les doit recours. L'Office documents au Comité de Recours dans les sept (7) jours à partir du jour où il a reçu la demande. transmettre - 14 Verify source ↗
Ibimenyetso
AI-assisted research summary: If the Review Panel wants to interview someone during an investigation, it must give written notice showing the time and place. The appellant(s) and the Authority may be present and ask questions about the investigation.
Ingingo ya 14 : Ibimenyetso Article 14: Evidence Article 14: Preuves Ingingo ya 14 : Ibimenyetso Article 14: Evidence Article 14: Preuves Iyo Akanama k’Ubujurire kifuza kubaza uwo ariwe wese mu gihe cy’iperereza, kagomba kubimumenyesha mu nyandiko hagaragazwa isaha n’ahantu iryo bazwa rizabera. If the Review Panel wishes to interview any person during it shall give investigations, him/her notice in writing and the notice shall indicate time and place where the interview will be carried out. Si le Comité de Recours souhaite interroger une personne lors d’une enquête, il doit l’en aviser par écrit en indiquant l'heure et l'endroit où l'interview aura lieu. Uwajuriye cyangwa abajuriye hamwe n’Ikigo bafite uburenganzira bwo kuba bahari no kubaza ibibazo ku bujurire bukorwaho iperereza. The appellant or applicants and the Authority shall be entitled to be present at the interview and to ask questions in relation to the subject matter of the investigation. Le ou les appelants et l'Office ont le droit d'assister à l'interview et de poser toutes les questions se rapportant à l'objet de l'enquête. - 15 Verify source ↗
Guhagararirwa
AI-assisted research summary: When the Appeal Panel is sitting, the Agency, the appellant, or appellants may be represented by a lawyer or another person allowed by the Appeal Panel.
Ingingo ya 15: Guhagararirwa Article 15: Representation Article 15: Représentation Ingingo ya 15: Guhagararirwa Article 15: Representation Article 15: Représentation Mu gihe Akanama k’Ubujurire kateranye, Ikigo, uwajuriye cyangwa abajuriye bashobora guhagararirwa n'umunyamategeko cyangwa undi n’Akanama k’Ubujurire. wemerewe muntu the Review Panel During the Authority, appellant or appellants may be represented by a lawyer or by any other person allowed by the Review Panel. sessions, Lors de l'audience, l'Office, l’appelant ou les appelants peuvent être représentés par un avocat ou par toute autre personne autorisée par le Comité de Recours. - 16 Verify source ↗
Umubare w’abagize
AI-assisted research summary: The Review Panel can decide only when at least two thirds of its members are present, and its decisions are final and binding unless appealed to competent courts.
Ingingo ya 16 : Umubare w’abagize Akanama k’Ubujurire ufata icyemezo Article 16: Quorum of the Review Panel Article 16: Quorum du Comité de Recours Ingingo ya 16 : Umubare w’abagize Akanama k’Ubujurire ufata icyemezo Article 16: Quorum of the Review Panel Article 16: Quorum du Comité de Recours Akana k’Ubujurire gafata icyemezo iyo hari bibiri bya gatatu (2/3) by’abakagize. The Review Panel shall take its decisions if two thirds (2/3) of its members are present. Le Comité de Recours prend ses décisions si deux tiers (2/3) de ses membres sont présents. 26 Official Gazette nº 23 of 04 June 2012 Icyemezo cy’Akanama k’Ubujurire ni ntakuka kandi kigomba kubahirizwa n’abo kireba bose keretse iyo kijuririwe mu nkiko zibifitiye ububasha. The decisions of the Review Panel shall be final and bind all concerned parties unless when appealed before competent courts. Les décisions du Comité de Recours sont définitives et obligatoires pour toutes les parties concernées à moins qu'il y’ ait appel devant les juridictions compétentes. - 17 Verify source ↗
Igongana ry’inyungu
AI-assisted research summary: If an appeal committee member is the appellant or has a relationship/conflict with the appellant, that member must recuse, and the other members decide the appeal without them.
Ingingo ya 17 : Igongana ry’inyungu Article 17: Conflict of interests Article 17: Conflits d'intérêts Ingingo ya 17 : Igongana ry’inyungu Article 17: Conflict of interests Article 17: Conflits d'intérêts Iyo umwe mu bagize Akanama k’Ubujurire ari we wajuriye, abandi bagize Akanama k’Ubujurire ni bo basuzuma ubujurire nyir’ubwite ahejwe kugeza igihe icyemezo gifatiwe. isano Iyo umwe mu bagize Akanama k’Ubujurire afitanye iyo ariyo yose cyangwa ubwumvikane buke n’uwajuriye, yandikira Akanama k’Ubujurire akamenyesha icyo kibazo akanagasaba kwiheza muri ubwo bujurire. - 18 Verify source ↗
Ingengo y’Imari y’Akanama
AI-assisted research summary: The Authority must pay Review Panel members for meetings, cover the Panel’s other expenses, and provide its budget. Review Panel members must not participate in deliberations if they have applied for review, and they must disclose any relationship or misunderstanding with the appellant in writing.
Ingingo ya 18 : Ingengo y’Imari y’Akanama k’Ubujurire Article 18: Budget for the Review Panel Article 18: Budget du Comité de Recours 15 Official Gazette nº 23 of 04 June 2012 Ingingo ya 18 : Ingengo y’Imari y’Akanama k’Ubujurire Ikigo kigomba kwishyura abagize Akanama k’Ubujurire amafaranga yo kwitabira inama z’Akanama kandi kikanishyura n’ibindi bya ngombwa Akanama kakenera. Ikigo kegenera ingengo y’imari akanama kugira ngo karangize inshingano zako. When a member of the Review Panel has applied for review, he/she shall not take part in deliberations on the request until the decision thereof has been taken. Lorsqu’un membre du Comité de Recours a introduit un recours, il/elle ne prend pas part aux délibérations portant sur la demande jusqu'à la prise d’une décision. If a member of the Review Panel has any relationship or misunderstanding with the appellant, he/she shall inform, in writing, the Review Panel of the issue and request for not taking part in the review proceedings. Si un membre du Comité de Recours a un lien quelconque ou n’est pas en bon termes avec l’appelant, il en informe, par écrit, le Comité de Recours et demande sa récusation. Article 18: Budget for the Review Panel Article 18: Budget du Comité de Recours The Authority shall pay sitting allowances to Review Panel members present in the meetings and defray all other expenses of the Review Panel. It shall also provide the budget for Review Panel for the fulfillment of its mission. L'Office paie les jetons de présence pour les membres du Comité de Recours présents dans les réunions et prend en charge toutes les dépenses du Comité de Recours. Il fournit aussi le budget du Comité de Recours afin de lui permettre de remplir sa mission. 27 - 19 Verify source ↗
Raporo y’Akanama
AI-assisted research summary: The Review Panel must give a quarterly report to the Minister in charge of capital market and send a copy to the Authority.
Ingingo ya 19 : Raporo y’Akanama k’Ubujurire Article 19: Review Panel’s Report Article 19 : Rapport du Comité de Recours UMUTWE WA III: INGINGO ZISOZA CHAPTER III: FINAL PROVISIONS CHAPITRE FINALES III : DISPOSITIONS Ingingo 20: Ivanwaho ry’Ingingo z’amateka zinyuranyije n’iri teka Ingingo ya 19 : Raporo y’Akanama k’Ubujurire Article 19: Review Panel’s Report Article 19 : Rapport du Comité de Recours Official Gazette nº 23 of 04 June 2012 k’Ubujurire Akanama raporo y’igihembwe Minisitiri ufite Isoko ry’Imari n’Imigabane mu nshingano ze kakagenera Ikigo kopi. gaha The Review Panel shall give a quarterly report to the Minister in charge of capital market with copy to the Authority. Le Comité de Recours transmet un rapport trimestriel d’activités au Ministre ayant le marché des capitaux dans ses attributions et réserve une copie à l'Office. UMUTWE WA III: INGINGO ZISOZA CHAPTER III: FINAL PROVISIONS CHAPITRE FINALES III : DISPOSITIONS - 20 Verify source ↗
Repealing provision
AI-assisted research summary: All prior provisions that conflict with this Order are repealed.
Article 20: Repealing provision Article 20: Disposition abrogatoire Ingingo gukurikizwa 21: Igihe iteka ritangira Ingingo ya 20: z’amateka zinyuranyije n’iri teka Ivanwaho ry’Ingingo Article 20: Repealing provision Article 20: Disposition abrogatoire Ingingo zose z’amateka abanziriza iri kandi zinyuranyije naryo zivanweho. All prior provisions contrary to this Order are hereby repealed. Toutes les dispositions antérieures contraires au présent arrêté sont abrogées. - 21 Verify source ↗
Commencement
AI-assisted research summary: This Order takes effect on the day it is published in the Official Gazette of the Republic of Rwanda.
Article 21: Commencement Article 21: Entrée en vigueur 16 Official Gazette nº 23 of 04 June 2012 ITEKA RYA MINISITIRI N° 003/12/2012 18/05/2012 RIGENA RYO KUWA N’IMIKORERE IMITERERE BY’AKANAMA KIGENGA K’UBUJURIRE K’ISOKO RY’IMARI N’IMIGABANE N’ABAKAGIZE DETERMINING MINISTERIAL ORDER N° 003/12/2012 OF 18/05/2012 THE ORGANIZATION AND FUNCTIONING OF MARKET INDEPENDENT REVIEW PANEL AND ITS COMPOSITION CAPITAL THE 18/05/2012 ARRETE MINISTERIEL N° 003/12/2012 PORTANT DU ORGANISATION ET FONCTIONNEMENT COMITE INDEPENDANT DE RECOURS DU MARCHE DE CAPITAUX ET SA COMPOSITION DU Minisitiri w’Imari n’Igenamigambi; The Minister of Finance and Economic Planning; Le Ministre des Finances et de Planification Economique ; la Ashingiye ku Itegeko Nshinga rya Repubulika y’u Rwanda ryo kuwa 04 Kamena 2003, nk’uko ryavuguruwe kugeza ubu, cyane cyane mu ngingo zaryo, iya 118, iya 120, iya 121 n’iya 201; Pursuant to the Constitution of the Republic of Rwanda of 04 June 2003 as amended to date, especially in Articles 118, 120, 121 and 201; Vu la Constitution de la République du Rwanda du 04 juin 2003 telle que révisée à ce jour, spécialement en ses articles 118, 120, 121 et 201; Ashingiye ku Itegeko n° 01/2011 ryo kuwa 10/02/2011 ry’Imari n’Imigabane mu Rwanda, cyane cyane mu ngingo yaryo ya 63; rigenga Isoko Inama kuwa 18/11/2011, imaze kubisuzuma no kubyemeza; y’Abaminisitiri yateranye Pursuant to Law n° 01/2011 of 10/02/2011 regulating the Capital Markets in Rwanda, especially in Article 63; Vu la Loi n° 01/2011 du 10/02/2011 portant régulation du Marché de Capitaux au Rwanda, spécialement en son article 63; After consideration and approval by the Cabinet in its session of 18/11/ 2011; Après examen et adoption par le Conseil des Ministres, en sa séance du 18/11/2011; ATEGETSE: HEREBY ORDERS: ARRETE : 17 Official Gazette nº 23 of 04 June 2012 UMUTWE WA MBERE: RUSANGE INGINGO CHAPTER ONE: GENERAL PROVISIONS CHAPITRE PREMIER : DISPOSITIONS GENERALES Ingingo ya 21: gukurikizwa Igihe iteka ritangira Article 21: Commencement Article 21: Entrée en vigueur teka ritangira gukurikizwa ku munsi Igazeti ya Leta ya Iri ritangarijweho mu Repubulika y’u Rwanda. This Order shall come into force on the date of its publication in the Official Gazette of the Republic of Rwanda. Le présent arrêté entre en vigueur le jour de sa la publication République du Rwanda. Journal Officiel de au Kigali, kuwa 18/05/2012 Kigali, on 18/05/2012 Kigali, le 18/05/2012 28 Official Gazette nº 23 of 04 June 2012 (sé) (sé) (sé) RWANGOMBWA John Minisitiri w’Imari n’Igenamigambi RWANGOMBWA John Minister of Finance and Economic Planning Bibonywe kandi bishyizweho Ikirango cya Repubulika : Seen and sealed with the Seal of the Republic : RWANGOMBWA John Ministre des Finances et de la Planification Economique Vu et scellé du Sceau de la République: (sé) (sé) (sé) KARUGARAMA Tharcisse Minisitiri w’Ubutabera/Intumwa Nkuru ya Leta KARUGARAMA Tharcisse Minister of Justice/Attorney General KARUGARAMA Tharcisse Ministre de la Justice/Garde des Sceaux 29
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MINISTERIAL ORDER N° 003/12/2012 OF 18/05/2012 DETERMINING THE ORGANIZATION AND FUNCTIONING OF THE CAPITAL MARKET INDEPENDENT REVIEW PANEL AND ITS COMPOSITION
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