The Securities and Exchange Commission (the “Commission”) wishes to remind members of the public, issuers, capital-market operators and other market participants of the regulatory requirements applicable to securities that are offered, advertised, promoted, marketed or dealt in within Zambia. Under the Securities Act, Chapter 354 of the Laws of Zambia (the “Act”), securities offered to the public in Zambia must be registered with the Commission. This requirement applies to foreign securities where the offer, promotion, solicitation or other securities activity is directed at persons in Zambia