WARNING AGAINST THE USE OF UNLICENSED CREDIT RATING AGENCIES Why CRAs Must Be Regulated
Credit ratings influence decisions that are made by investors, issuers, experts and members of the public regarding investments, loans, Insurance contracts and national borrowing costs. Unregulated Credit Rating Agencies (“CRAs”) may give inaccurate or biased ratings, leading to market losses and investor harm. Regulation ensures independence, transparency, and accountability of the providers of credit rating […]
Operating an Investment Advisory Business Without a Licence-Bulaya Family Shop
Pursuant to Section 218(2)(a) of the Securities Act, Cap. 354 of the Laws of Zambia (‘Act’) the Securities and Exchange Commission (‘the Commission’) had on 16th April 2026 imposed a civil financial penalty on Mr. Baron Bulaya for operating a business as an investment advisor without a licence from the Commission.
Public Notice: Launch of the SupTech Online Application Portal
The Securities and Exchange Commission has implemented an Online Application Portal for licensing, registration of securities, authorization of funds, Self-Regulatory Organizations, and the regulatory sandbox with effect from 16 March 2026. From this date, all new licence applications shall be submitted exclusively through the Supervisory Technology (SupTech) Platform.
Public Notice – Board Appointment
The Securities and Exchange Commission (SEC) wishes to inform all Capital Market Operators and the general public that the SEC Board elected Mr. Paul Nkhoma as the Chairperson of the Commission Board, with effect from 18th December 2025.
PUBLIC ALERT – Velmont
The Securities and Exchange Commission (“the Commission”) has identified a purported investment scheme operating under the name “Velmont Gold Mining company” (Velmont). The scheme is actively promoted on social media platforms like Facebook and WhatsApp, inviting the public to invest K128 for 40-days, with a promise of earning K6.40 daily and a total pay-out of […]
Notification of Tender Awards for Insurance Services
The Commission issued Request for Proposals (RFP) for eligible Insurance firms through a competitive tender process. Following the Procurement Committee resolution and pursuant to Section 53 (1) and (2) of the Public Procurement Act 2008, the Commission is notifying you that it is considering awarding contracts to the following firms in the table below; Insurance […]
Securities and Exchange Commission (Sec) Zambia Becomes 116th IOSCO MMoU Signatory
The Securities and Exchange Commission (SEC) is one of the three financial sector regulators in Zambia with a core objective of regulating the capital markets sub-sector. The SEC is a statutory body established under the Securities Act, Cap. 354 of the Laws of Zambia and whose establishment is continued under the new Securities Act, No. […]
Notice- Extension of period of compliance with ss.146- 149
The Securities and Exchange Commission (the “Commission”) is a statutory body established under the Securities Act, Cap. 354 of the Laws of Zambia (repealed) and whose existence is continued under the Securities Act, No. 41 of 2016 (the “Securities Act”). The Commission has a statutory mandate to protect investors in the capital markets. Section 4 […]
NOTICE OF SUSPENSION OF BADEX AND PANEX
The Securities and Exchange Commission (the “Commission”) is a statutory body established under the Securities Act, Cap. 354 of the Laws of Zambia (repealed) and whose existence is continued under the Securities Act, No. 41 of 2016 (the “Securities Act”). The Commission has a statutory mandate to protect investors in the capital markets. Section 11 […]
Notice – Annual Capital Markets Operators Fees for 2020
NOTICE is hereby given to all Capital Market Operators (CMOS) that pursuant to the provisions of section 42 of the Securities Act No. 41 of 2016 as read with paragraph 10 (a) of the Third Schedule of the Securities (Licensing, Fees and Levies)(Amendment) Rules 2013, the 2020 annual fees for licensees, Issuers of securities, including […]