The primary function of the Ethiopian Capital Market Administrative Tribunal (ECMAT) is to adjudicate appeals against decisions made by the Ethiopian Capital Market Authority or a person exercising the functions or powers of the Authority.
If you are a person or entity aggrieved by a decision, order, or action of ECMA, you have the right to file an appeal with us.
Exercising Your Right to Appeal
- Licensing denials, suspensions, or revocations for brokers, dealers and investment advisers.
- Refusal to register securities or public offerings.
- Imposition of administrative sanctions, fines, or penalties
Any individual or entity who is aggrieved by the decision of EthiopianCapital Market Authority or a person exercising power and duties of the authority can appeal within 28 working days of notice of the decision. Such person can be:
- Securities Broker, Securities Dealers, Securities Digital Sub Brokers, Investment Banks, Securities Investment Advisers, Securities Shariah Advisers, Securities Robo Advisers, Collective Investment Scheme Operators, Crowedfunding Intermederies, Securities Market Makers, Securities Custodians, Securities Portfolio Managers, Credit Rating Agencies, Securities Appraisal Firms, Appointed Representatives
- Determine Eligibility – Confirm that you are affected by Ethiopian capital market authority or a person who exercises the power and duties of the authority decision.
- Prepare Your Documents – Complete the Notice of Appeal Form and gather supporting evidence.
- Submit Your Appeal – File your appeal through our online portal or in person at ECMAT’s office.
- Pay Filing Fees – As outlined in the Filing Fee Schedule.
- Track Your Case – Log in to your account to monitor case progress and hearing dates.
Seamless Case Management
Use this secured portal to fill an appeal or to follow your case progress
Practice Areas
Virtual tribunal service
Our tribunal is accessible to all parties. The virtual tribunal service allows litigants to participate in proceedings remotely via the Zoom application, without the need for physical appearance.
Registry Service
This service includes verifying appeals meet filing deadlines and other procedural requirements, collects fees and open file, promptly communicates tribunal orders, provides document copies, and others.
Daily tribunal Schedule
The tribunal daily schedules are posted here