Securities (Collective Investment Scheme) Regulations – 2020
IN EXERCISE of the powers contained in Part X and section 221 of the Securities Act, 2016 the followingRegulations are hereby made: In these Regulations, unless the context otherwise requires- “applicant” means a dealer or investment advisor who submits an application for an authorisation to establish a collective investment scheme or a person who applies […]
Securities (Fees and Levies) Rules – 2020
IN EXERCISE of the powers contained in sections 9 and 220 of the Securities Act, the following Rules are hereby made: In these Rules, unless the context otherwise requires – “authorization” means the authorization of a takeover, merger, collective investment scheme, employee share ownership scheme, other scheme, foreign scheme, venture capital fund or the trustee, […]
The Securities (Compensation Fund) (Amendment) Regulations – 2020 FINAL
IN EXERCISE of the powers contained in sections 181, 182 and 221 of the Securities Act, the following Regulations are made: These Regulations may be cited as the Securities (Compensation Fund) (Amendment) Regulations, 2020 and shall be read as one with Securities (Compensation Fund) Regulations, 1993, in these Regulations referred to as the principal Regulations. […]
Directives on Maintenance of Bank Accounts for Collective Investment Schemes 2016
DIRECTIVES TO MANAGERS, TRUSTEES AND CUSTODIANS OF COLLECTIVE INVESTMENT SCHEMES Pursuant to the provisions of Section 79 of the Securities Act, Cap. 354 of the Laws of Zambia, and in a bid to enhance accurate accountability of investors funds and ensure investor protection, the Securities and Exchange Commission hereby directs all operators of Collective Investment […]
SEC AML Directives – June 2017
SECURITIES AND EXCHANGE COMMISSION DIRECTIVES ON ANTI-MONEY LAUNDERING AND COUNTERING THE FINANCING OF TERRORISM OR PROLIFERATION, 2017 IN EXERCISE of the powers contained in subsection four of section thirty-six of the Financial Intelligence Centre Act Number 46 of 2010, and in consultation with the Centre, the following Directives are hereby made:
“SCAM” ALERT: AGR SOLAR ENERGY CO LTD
The Securities and Exchange Commission (“the Commission”) has identified a purported investment scheme operating under the name “AGR Solar Energy Company Ltd.” The scheme is being marketed on social media platforms such as Facebook and WhatsApp as being involved in renewable energy projects, and has been inviting participants to “rent” or “purchase” photovoltaic (PV) panels, […]
“SCAM” ALERT: TRUST FUNDER
The Securities and Exchange Commission (“the Commission”) has identified a purported capital raising and investment scheme operating under the name “Trust Funder.” The scheme is being marketed on social media platforms such as Facebook and WhatsApp as being a crowdfunding platform, where individuals are invited to pay money (which they are referring to as donations) […]
Securities and Exchange Commission Zambia
The Securities and Exchange Commission (SEC) is pleased to announce the signing of a Memorandum of Understanding (MoU) with the Prudential Authority (PA) of South Africa. This landmark agreement was signed by SEC and PA on 2nd December 2024 marking a significant step forward in fostering collaboration and enhancing cooperation between the parties for the […]
“SCAM” ALERT: CORE VARIOUS
The Securities and Exchange Commission (“the Commission”) has identified a purported investment scheme operating under the name “Core Various.” The scheme is actively promoted on social media platforms like Facebook and WhatsApp, claiming to offer investors returns of up to 10 times their initial investment after 100 days. It features an F50 earning category that […]
The Fees and Fines(Fee and Penalty Unit Value) (Amendment) Regulations
The Fees and Fines (Fee and Penalty Unit Value) (Amendment) Regulations, are made: In EXERCISE of the powers contained in section nine of the Fees and Fines ACT, the following Regulations are made: