Reference is made to the 2017 Capital Markets Operators Workshop held from 26th to 27th January 2017; the newspaper notifications published in the Zambia Daily Mail of 18th and 19th January 2017 and subsequent letters sent to licensees on the salient features of the Securities Act no. 41 of 2016 (“the Act”).
You may recall that one of the requirements that was included in the aforementioned and therefore brought to the attention of licensees was Section 182(2) of the Act which is restated below for ease of reference.