IN EXERCISE of the powers contained in section 211 of the Securities Act, 2016 the following Guidelines are hereby made:
These Guidelines may be cited as the Securities (Commercial Paper) Guidelines, 2020.
These Guidelines shall apply to all issuers of Commercial Paper in Zambia.
Unless specifically exempted under the Securities Act, The Securities (Registration of Securities) Rules, Statutory Instrument No. 164 of 1993 as amended and additional requirements prescribed in these Guidelines shall apply to the registration of commercial paper.
in case of any doubt on the application of these Guidelines to a specific issuance of commercial paper, it is advised that direction or clarification be sought from the Securities and Exchange Commission (“SEC”).