Notice of Licences Revoked, Cancelled and Surrendered
NOTICE is hereby given that the following licences were revoked, cancelled or surrendered pursuant to the provisions of the Securities Act, No. 41 of 2016. Therefore, the following persons are precluded from engaging in any securities business by virtue of the revocation, cancellation or surrender of the licenses:
Securities and Exchange Commission Applauds the Registration of ZAFFICO Ordinary Shares.
Lusaka/January 10, 2020. The Securities and Exchange Commission (“SEC”) is pleased to announce the approval of the registration of 400,000,000 ordinary shares for the Zambia Forestry and Forest Industries Corporation (“ZAFFICO”). The registration has enabled the undertaking of an Initial Public Offer (“IPO”) of 160,000,000 ordinary shares of the share capital in ZAFFICO to the public […]
Notice of Supervisory Possession of Madison Asset Management Company 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”) has temporarily taken possession of the affairs of Madison Asset Management Company Limited (“MAMCo”), a SEC-licensed entity, with effect from 2nd March 2020. The SEC is empowered under Section 11 of […]
Press Statement by SEC CEO on MAMCo Possession on 3rd March 2020
SECURITIES AND EXCHANGE COMMISSION Protecting Investors in the Capital MarketsNotice of Supervisory ActionPossession of Madison Asset Management Company Limited Lusaka, 3 March 2020-Further to the Press Release issued on 2nd March 2020, we wish to thank you all for the responses, concerns and clarity sought with regards to the supervisory action taken by the Securities […]
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 […]