Promoting Collaborations in the Training of Capital Markets Practitioners
As part of the Commission’s efforts in ensuring the market developed, availability of relevant investment and capital markets skills is important. To this end, the SEC partners with both local and foreign academic and professional institutions in delivering continued education (CEs) programmes on the market. Locally, the SEC has for over 10 years worked together with the Zambia College of Pension and Insurance Trust (formerly Zambia College of Insurance and Business Studies – ZBIC) in running a relevant capital markets short term course.
In order to take capacity building for practitioners to another level, the SEC and the Chartered Institute of Securities and Investments (CISI) of the United Kingdom have partnered with a view of providing an effective framework for cooperation in the development of a formal certification program for the financial services sector practitioners. The foregoing will enhance and promote professionalism and professional standards in the financial services industry in Zambia.
The CISI is the professional body of choice for financial services practitioners within the securities and investment industry. It has a range of globally recognized qualifications and supports individuals
through membership from the student level to the pinnacle of their career. It is a not-for-profit organization and works to ensure that products and services are up to date, relevant and meet the needs of the ever changing financial services industry.
The Certificate for Collaboration was signed during the round table discussion with the Lord Mayor of the City of London on 25th February 2016
The Rt. Hon Mayor of the City of London Jeffrey Mountevans and SEC Board Chairman
Mr. Chintu Y. Mulendema sign a Certificate for Collaboration between the CISI and SEC.
Promoting Collaborations with other Regulators
To speed up the rate at which services are provided including the need to authorize and/or register financial transactions timely, information-sharing and cooperation agreements with other regulators is necessary. It is with this background that the SEC has embarked on the process of ensuring communication channels such as MOUs are put in place so that clients are not inconvenienced in their fund raising ventures. The PACRA, which authorizes the registration of the share capital of players on the capital market, is thus an important player within our share registration process.
The Commission therefore signed a MOU between SEC and Patents and Companies Registration Authority (PACRA)
SEC Secretary and Chief Executive, Mr. Phillip Chitalu shake hands
After signing an MoU with PACRA Registrar Mr. Anthony Bwembya.
This MOU will serve to promote the integrity and efficiency of the securities industry as companies seeking to operate in the securities market will be attended to efficiently and effectively. The MOU will also enhance the supervision of cross-authority transactions, and in the process preventing fraudulent and other prohibited practices in Zambia