Capital Markets Tribunal – Ex-Tempore Order – Stanchart Zambia – Stanchart Nominees and SEC
Capital Markets Tribunal – Ruling on application for leave to appeal – Stanchart Zambia – Stanchart Nominees and SEC.
On 27ᵗʰ August, 2021, the Applicants filed a Notice of Motion to raise Preliminary Questions on a Point of Law (“the motion”). The application was made pursuant to rule 3 (2) of the Securities (Capital Markets Tribunal) Rules, Statutory Instrument No. 32 of 2021 (“the CMT Rules”); Orders 14A rules 1 and 2 and 33 […]
Capital Market Tribunal – Madison Asset Management Company – RULING
Introduction On 27ᵗʰ August, 2021, the Applicants filed a Notice of Motion to raise Preliminary Questions on a Point of Law (“the motion”). The application was made pursuant to rule 3 (2) of the Securities (Capital Markets Tribunal) Rules, Statutory Instrument No. 32 of 2021 (“the CMT Rules”); Orders 14A rules 1 and 2 and […]
SRO (General Requirements) Rules – 2020
In these Rules, unless the context otherwise requires – “adverse report” means a report, about a person, whichthe Commission is satisfied would have a detrimental effect on the public interest, if suchperson is allowed to serve on the board of directors of a recognised self-regulatory organisation or be employed to manage the affairs of a […]
Internal Complaints Handling Rules FINAL – 2020
IN EXERCISE of the powers contained in section 220 of the Securities Act, 2016 the following Rules are hereby made: In these Rules, unless the context otherwise “ADR” means an alternative dispute resolution processusing the following mechanisms:(a) arbitration;(b) mediation;(c) negotiations; or(d conciliation;“arbitration” means an ADR process in which a dispute is resolved externally and the […]
Recognition of SROs Regulations FINAL – 2020
IN EXERCISE of the powers contained in sections 29 and 221 of the Securities Act 2016, the following Regulations are hereby made: In these Regulations, unless the context otherwise requires – “application” means an application made by a selfregulatory organisation to the Commission for organization for purposes of the Act; recognition of the organisation as […]
Registration of Securities Regulations – 2020
IN EXERCISE of the powers contained in Part VIII and section 221 of the Securities Act 2016, the following Regulations are hereby made: Under these Regulations, unless the context otherwise requires- “articles” means articles of association;“Chief Executive” means a person who either alone or together with one or more persons is or will beresponsible under […]
Securities (Capital Market Operators) (General Licensing Procedures and Requirement – 2020
IN EXERCISE of the powers contained in Parts III, V and VI and section 221 of the Securities Act, 2016 the following Regulations are hereby made: In these Regulations, unless the context otherwise requires –“applicant” means an individual, group of persons orpromoter who submits a complete application for a license, variation of a license or […]
Securities (Capital Market Operators) (Licencing and Operations) Rules FINAL – 2020
IN EXERCISE of the powers contained in Parts III, V and VI and section 221 of the Securities Act, 2016 the following Rules are hereby made: In these Rules, unless the context otherwise requires – “adverse report” means a report which points toany conviction of a person for a crime, excluding a traffic offence, which […]
Securities (Collective Investment Scheme) Rules – 2020
IN EXERCISE of the powers contained in sections 128 and 220 of the Securities Act 2016, the following Rules are hereby made: In these rules, unless the context otherwise requires –these Rules, unless the context “advertisement” means every form of advertising, whether in a publication, brochure, handout, or letter-head, or by the display of notices, […]