Notice of Cancellation of Pan African Commodity Exchange (Z) Ltd.’s Securities Exchange Licence
NOTICE IS HEREBY GIVEN to all Members of the public that following the license cancellation of Pan African Commodity Exchange (Z) Limited (“PANEX”), by the Securities and Exchange Commission (the “Commission”) in exercise of the powers vested in it under section 27 of the Securities Act, No.41 of 2016, members of the public who may […]
Notice of Supervisory Action Possession of Laurence Paul Investment Services Limited
This serves to inform the public that pursuant to Section 11(4) of the Securities Act, No.41 of 2016, the Securities and Exchange Commission (“SEC or Commission”) has temporarily taken possession of the affairs of Laurence Paul Investment Services Limited (“Laurence Paul”), a SEC-licensed entity, with effect from 16th October 2020. The SEC is empowered under […]
Notice Of Suspension of Investment Advisors License – Simon Kalunga Mpasa
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COMMISSION (“the Commission”) is a statutory body established under the Securities Act, Cap. 354 of the Laws of Zambia (repealed) and whose existence is continued under the Securities Act No. 41 of 2016 (the “Securities Act”).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 of investor protection and capital markets development in Zambia. […]
Public Notice – Postponement of The Capital Markets Master Plan Launch
Due to circumstances beyond our control, the Securities and Exchange Commission (“Commission”) regrets to inform you that the launch of the Capital Markets Master Plan which was scheduled to take place on Tuesday, 20th December 2022 has been postponed until further notice. The Commission appreciates your interest to participate at the CMMP launch and deeply […]
Lifting of Supervisory Possession of Laurence Paul Investment Services
On 16th October 2020, the Securities and Exchange Commission (“the Commission”) took supervisory possession of Laurence Paul Investment Services Limited (LPIS), an investment management company, pursuant to Section 11(4) of the Securities Act No.41 of 2016 (“the Act”) as amended by Act No. 21 of 2022. The supervisory possession was necessitated by the Commission’s investor […]
Securities and Exchange Commission of Zambia joins Sustainable Banking and Finance Network
March 30th, 2023 – The Securities and Exchange Commission of Zambia (SEC) is pleased to announce its admission to the Sustainable Banking and Finance Network as its newest member. SEC is the regulator of the capital markets in Zambia and was established in 1993 through an Act of parliament. The SEC is responsible for the […]
Amnesty Notice for Unlicensed Capital Market Players
TAKE NOTICE THAT pursuant to section 4 (2) of the Securities Act No. 41 of 2016 as amended by Act No.21 of 2022 (hereinafter referred to as the “Securities Act”) the Securities and Exchange Commission (hereinafter referred to as the “Commission”) hereby exempts any natural or legal person operating in the Capital Markets without a […]
Green Bond Notice
The Securities And Exchange Commission (“the Commission”) congratulates the Copperbelt Energy Corporation Plc (CEC) for the registration of its Green bond (Green Medium Term Note Programme), the first in the Zambian Capital Market on the sidelines of the COP 28 Climate Summit. Minister of Green Economy and Environment, Honourable, Engineer Collins Nzovu, graced the announcement […]
Press Release – Regulatory Sandbox Framework for Capital Markets
The Securities and Exchange Commission (“SEC”) issued the Regulatory Sandbox Framework for Capital Markets (“Sandbox”) on 18th December 2022. The Sandbox is a Regulatory framework under which firms can test trial capital markets innovations such as Financial Technologies (FinTechs) in a controlled live environment, under a set of specified conditions and limitations.
Revised Internal Control Reporting Framework for Issuers of Registered Securities Guidelines
Dear Capital Market Operators (Issuers)REF: REVISED INTERNAL CONTROL REPORTING FRAMEWORK FOR ISSUERS OF REGISTERED SECURITIES GUIDELINES The above subject refers. As you may be aware, the Securities and Exchange Commission (“SEC” or “Commission”) pursuant to section 211(1) of the Securities Act, No. 41 of 2016 (“the Act”) issued in the gazette the Securities (Internal Controls […]