CMMP Launch Concept Note and Programme
As part of extensive financial sector reforms aimed at enhancing the role of the financial sector towards bolstering the economy, the Government of the Republic of Zambia (Government) through the Ministry of Finance and National Planning (MoFNP) and in collaboration with the Securities and Exchange Commission (SEC) as well as other key capital markets players, […]
New Product Guidelines
A Green Bond is a fixed income or debt security instrument, either unlisted or listed on a securities exchange, approved by the SEC, whose proceeds are used to finance or refinance new or existing projects that generate climate or other environmental benefits that conform to green guidelines and standards. What do the guidelines provide for: […]
Capital Markets Master Plan – Approved Document
Capital markets are essential for economic development and like in many countries, the markets have the potential to make a significant contribution to Zambia’s economic development. This intervention is timely and shall be instrumental in catalysing Zambia’s economic recovery and transformation, especially at a time when the country’s macro-economic fundamentals have demonstrated resilience in the […]
Directorate of Market Supervision and Development
Pursuant to the Securities Act No.41 of 2016 (as amended by the Act No. 21 of 2022) (“the Act”), Capital Markets Operators (“CMOs”) are required to comply with the continuing obligations which include the requirement to make statutory submissions to the Securities and Exchange Commission (“the Commission”). This Circular outlines the submission dates falling due […]
Securities (Internal Control Over Financial Reporting) Guidelines 2024
Title and application These Guidelines may be cited as the Securities (Internal Controls Over Financial Reporting) Guidelines, 2024. These Guidelines are issued pursuant to section 211(1) of the Securities Act, No. 41 of 2016 as amended by Act No. 21 of 2022 (hereinafter referred to as “the Act”) to provide guidance to issuers and auditors […]
THE SECURITIES ACT SECURITIES (INTERNAL CONTROLS OVER FINANCIALREPORTING) GUIDELINES, 2024
Title and application These Guidelines may be cited as the Securities (Internal Controls OverFinancial Reporting) Guidelines, 2024. These Guidelines are issued pursuant to section 211(1) of the Securities Act, No.41 of 2016 as amended by Act No. 21 of 2022 (hereinafter referred to as “theAct”) to provide guidance to issuers and auditors on the application […]
The Securities (Exchange Traded Funds) Guidelines, 2024
Title These Guidelines may be cited as the Securities (Exchange Traded Funds) Guidelines, 2024. Application These Guidelines shall, unless exempted by the Commission, apply to Exchange Traded Funds and issuers of physically backed Exchange Traded Funds and excludes synthetic Exchange Traded Funds. 2.2 The Commission shall impose administrative sanctions provided in the Securities Act on […]
Circular-1-of-2024-Calendar-of-Submission
Pursuant to the Securities Act No.41 of 2016 (as amended by the Act No. 21 of 2022) (“the Act”), Capital Markets Operators (“CMOs”) are required to comply with the continuing obligations which include the requirement to make statutory submissions to the Securities and Exchange Commission (“the Commission”). This Circular outlines the submission dates falling due […]
Circular No. 5 of 2023 – Call For Expressions of Interest to Join The Capital Markets Master (CMMP) Action Teams
INTRODUCTION The Government of the Republic of Zambia approved the 10-year Capital Markets Master Plan (CMMP) which was launched by the Republican President, Mr. Hakainde Hichilema on 23rd February 2023. The CMMP is envisaged to provide a unified and clear roadmap to reposition the Zambian capital markets as an important conduit for domestic and foreign […]
Market Guidance on The Application Process For A Share Transfer Agent’s Licence
In order to comply with the Directive issued by the Commission on 21st July 2023 requiring the licensing of all persons engaged in or undertaking the role of a Share Transfer Agent, the Commission would like to guide applicants through the application process as follows: