Licensing of ShareTransfer Agents – Directive No: 1 of 2023
IN EXERCISE of the Powers contained in Section 212 as read together with Section 9 of the Securities Act No. 41 of 2016 (the “Securities Act”), the Securities and Exchange Commission (the “Commission”) hereby DIRECTS all persons engaged in business as share transfer agents, departments or divisions, by whatever name called, of a listed company […]
Circular 1 of 2023 – Calendar of Submission
The circular outlines dates on which statutory submissions fall due for the year ending 31st December 2023.Pursuant to the Securities Act No.41 of 2016 (“the Act”), submission dates for continuing obligations for Capital Markets Operators (“CMOs”) falling due within the calendar year ending 31st December 2023 as indicated per category shall fall due on the […]
2022 SEC Annual Report
The Securities and Exchange Commission (SEC) was established pursuant to section 3 of the repealed Securities Act, Cap 354 of the Laws of Zambia and its existence has been continued under the new Securities Act, No. 41 of 2016 (the Act”). The Commission’s mandate is to ensure that investors in the Zambian capital markets, both […]
Circular No 1 of 2022 – Secondary Market Bond Trading
On 1st July 2019, the Commission issued the Directive on the submission of returns and payments for the secondary market bond trades, Directive No.1 of 2019 which came into effect on the same day. The Directive brought into implementation the provisions of section 9(2)(j) of the Securities Act No. 41 of 2016 which requires the […]
Directive No 1 of 2022 – Secondary Market Bond Trading
FULL DISCLOSURE ON YIELDS FOR ALL SECONDARY BONDS TRADED LOCALLY AND OFF-SHORE Pursuant to Section 212 of the Securities Act, No. 41 of 2016(“the Securities Act”), the Securities and Exchange Commission (“the Commission”) hereby DIRECTS all Dealers and Custodians to ensure full disclosure as per the financial reporting requirements on bond trades as prescribed under […]
The Securities (Private Funds) Guidelines, (No. 1) 2022
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 (Private Funds) Guidelines. 2022. These Guidelines shall, unless exempted by the Commission, apply to Private Funds- involved in providing Funding to investee companies through issuance of securities […]
RBS Launch Press Release
LAUNCH OF RISK BASED SUPERVISION FOR CAPITAL MARKETS IN ZAMBIA April 5th, 2022, Lusaka – The Securities and Exchange Commission (“SEC”) has today launched the Risk Based Supervision (“RBS”) framework for capital markets in Zambia. The RBS launch follows the SEC Board approval of the SEC Risk Based Supervision Policy in June 2021. The SEC […]
Speech by Permanent Secretary Ministry of Finance-EMF Launch of RBS 05.04.2022
Good morning,On behalf of the Government of the Republic of Zambia (“Government”) and the Ministry of Finance and National Planning (“Ministry”), I am honoured to Grace the Securities and Exchange Commission’s Chairlady’s Breakfast dubbed – ‘Reshaping supervision for enhanced resilience’. Today, we are part and parcel of this important event that marks a significant milestone […]
RBS Launch Presentation 5 April 2022
WHY RBS? Zambia is faced with a demand for capital and has to compete with other Countries with similar demands. To Access this Capital, Zambia needs position as preferred destination for this capital. On the other hand, investors/providers of capital are faced with a variety of options to take their money. Their choice is largely […]
Market Announcement – Implementation of Risk Based Supervision
The Securities and Exchange Commission The Securities and Exchange Commission (“the Commission” or “the SEC”) is the regulator of the Capital Markets in Zambia. It was established through Cap 354 of the Laws of Zambia which was repealed and its existence was continued through the Securities Act no. 41 of 2016 (“the Act”). The Commission’s […]