2020 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The Securities and Exchange Commission (SEC) was established pursuant to section 3 of the repealed Securities Act, Cap 354 of the Laws of Zambia and its existence has been continued under the new Securities Act, No. 41 of 2016.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 Commission’s mandate is to ensure that investors in the Zambian capital markets, both local and […]
Guideline No.3 of 2020 Regulatory Sandbox Framework for Capital Markets
INTRODUCTION TO THE SANDBOX In accordance with its mandate to regulate and promote the development of the Zambian Capital Market as enshrined in the Securities Act (“the Act”), the Securities and Exchange Commission (“Commission”) seeks to create a regulatory sandbox (“sandbox”) environment in which the testing of capital market innovations can be facilitated under a […]
The Securities (Commercial Papers) Guidelines, 2020
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 […]
The Securities (Real Estate Investment Trust) Guidelines, 2020
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 (Real Estate Investment Trust) Guidelines, 2020. These Guidelines shall apply to Income Real Estate Investment Trusts(I-REITS) authorized by the Commission and does not apply to Development Real […]
Circular No. 3 of 2020 – Guidance on Market Interventions to Mitigate Spread of Covid-19
Further to Circular No.2 of 2020 issued on 18th March 2020, the Securities and Exchange Commission (hereinafter referred to as “Commission” or “SEC”) has continued to monitor the developments over the ongoing Corona virus Disease (Covid-19) global outbreak. According to the daily briefings provided by the Ministry of Health, Zambia’s Covid-19 cases are on the […]
Circular No. 2 of 2020 – Guidance On Postponement Of Annual General Meetings Due To Health Concerns Over The Covid-19 Pandemic”
The Securities and Exchange Commission has been monitoring the developments over the ongoing Coronavirus disease (COVID-19) global outbreak. According to information provided by the Ministry of Health officials, the outbreak has now spread to at-least 162 countries and territories around the world. STATUS UPDATE FROM THE MINISTRY OF HEALTH In Zambia, the latest position as […]
Circular No. 1 of 2020 – DMSD (Calendar for 2020 Submissions)
Kindly be informed that the due dates for the submissions of the following continuous obligations for all Dealers, Investment Advisors and Issuers for the year 2020 are as follows;
Graduated Fines Framework
The Securities (Green Bonds) Guidelines, 2019
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 (Green Bonds) Guidelines, 2019. These Guidelines shall apply to all issuers of bonds in Zambia labelled green based on the criteria prescribed within these Guidelines. in case […]
2019 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 Commission’s mandate is to ensure that investors in the Zambian capital markets, both local and […]