IN EXERCISE of the powers contained in section seventy-nine of the Securities Act, Cap. 354 of the Laws of Zambia, the following Guidelines are hereby made:
These Guidelines may be cited as the Guidelines on Minimum Fit and Proper Requirements of Competence and
Capability for Applicants for Representatives Licenses (hereinafter referred to as the “Representatives’ Fit and Proper Guidelines”).
These guidelines shall apply to all persons applying for licence to the Commission. The guidelines are in addition to and not in derogation of any other guidelines issued by the Commission or any requirements provided for under the Securities Act or any Rules made thereunder.
A person who is employed as or acts as Representative of a Dealer or Investment Advisor shall apply to the Commission for a Representative’s Licence in the prescribed form and manner.