CONDUCT BY LOCAL AND FOREIGN UNLICENSED ENTITIES ACTING AS DEALERS, INVESTMENT ADVISORS AND REPRESENTATIVES IN TRANSACTIONS RELATING TO CAPITAL MARKETS
The Securities and Exchange Commission (“the Commission”) has a statutory mandate to promote and encourage high standards of investor protection and integrity in the Capital Markets in order to foster confidence in the markets by the public as a whole. Pursuant to its mandate to protect investors and ensure orderly Capital Markets, the Commission will, with immediate effect, not allow any foreign based or local person, company or entity to offer investment advisory services or operate, in any other manner, in the Zambian Capital Markets without the requisite license from the Commission