2017 SEC Annual Report
The Securities and Exchange Commission (SEC) was established pursuant to section 3 of the Securities Act, Cap 354 of the Laws of Zambia. The mandate of the Commission is to ensure that investors, both local and foreign, are protected. It is also the mandate of the Commission to develop the market. This therefore entails that […]
Guidance Note No. 1 of 2017 – Minimum Complaints Handling Procedures for Capital Markets Licensees in Zambia
PURPOSE FOR THIS GUIDANCE NOTE This guidance note has been prepared to guide capital markets licensees in handling consumer complaints and understanding the SEC’s expectations. The guidance note therefore provides the minimum standards in the capital markets that ensure a level playing field, thereby ensuring equal protection of consumer rights by licensees. At the same […]
2016 SEC Annual Report
The Securities and Exchange Commission (SEC) was established pursuant to section 3 of the Securities Act, Cap 354 of the Laws of Zambia. The mandate of the Commission is to ensure that investors, both local and foreign, are protected. It is also the mandate of the Commission to develop the market. This therefore entails that […]
Circular to capital market players – Non authorization of Invest Trace to access share registers
Reference is made to the above subject matter.The Commission would like to inform all issuers, brokers, transfer secretaries and central securities depositories operating in the Zambian capital markets that it has not granted approval to Invest Trace, a London-based company specializing in Asset Reunification, to identify listed securities belonging to deceased and missing persons, including […]
GUIDELINE NO.1 -Guidelines on Trustees and Custodians in a CIS established by Trust
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 Trustees and Custodians in a Collective Investment Scheme established under trust”. These Guidelines shall apply to schemes established under trust […]
Market Guidance Note On Rule 16 & 18
PROPOSED REPORTING In order to address the requirements of Rule 18, a three tier reporting approach is proposed. Matters will be dealt with as part of the audit opinion, report on other legal requirements included in the report of the independent auditor or as part of a separate assurance report. The regulator has indicated that […]
Guidelines on minimum fit proper requirements of competence and capability- Issued 17 December 2015
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’ […]
Market Guidance Note No. 1 of 2014
CONDUCT BY LOCAL AND FOREIGN UNLICENSED ENTITIES ACTING AS DEALERS, INVESTMENT ADVISORS AND REPRESENTATIVES IN TRANSACTIONS RELATING TO CAPITAL MARKETS The Securities and Exchange Commission (“the Commission”) has a statutory mandate to promote and encourage high standards of investor protection and integrity in the Capital Markets in order to foster confidence in the markets by […]