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 Schemes(“CIS”), specifically the fund managers, trustees and custodians to comply with this directive on the maintenance of CIS bank accounts.