Further to Circular No.2 of 2020 issued on 18th March 2020, the Securities and Exchange Commission (hereinafter referred to as “Commission” or “SEC”) has continued to monitor the developments over the ongoing Corona virus Disease (Covid-19) global outbreak. According to the daily briefings provided by the Ministry of Health, Zambia’s Covid-19 cases are on the rise and as such there is need for everyone to heighten measures to fight the pandemic.
Whilst our objective is to ensure that the Zambian Capital Markets continue to operate and serve clients, it is extremely important that we ensure the safety of the capital markets workforce, clients and other stakeholders. To this end, the Commission is hereby issuing the Guidelines stipulated herein.
In essence, this Circular sets out some of the specific market interventions aimed at reinforcing business continuity measures that are presently being implemented by the Commission and various Capital Market Operators. Kindly note that these Guidelines have been arrived at following several consultations with various industry stakeholders. Thus, we implore all Capital Markets Operators to adhere to the Guidelines which are a collective effort to ensure business continuity amidst the Covid-19 pandemic.