LAUNCH OF RISK BASED SUPERVISION FOR CAPITAL MARKETS IN ZAMBIA
April 5th, 2022, Lusaka – The Securities and Exchange Commission (“SEC”) has today launched the Risk Based Supervision (“RBS”) framework for capital markets in Zambia. The RBS launch follows the SEC Board approval of the SEC Risk Based Supervision Policy in June 2021. The SEC RBS Policy outlines the Commission’s approach to the supervision of capital markets in Zambia.
The Security and Exchange Commission is the regulator of capital markets in Zambia and was established through CAP 354 of the Laws of Zambia. its existence has been continued through the Securities Act No. 41 of 2016. The RBS Policy is premised on the Commissions mandate. The Commissions mandate as prescribed in Section 9 of the Act is to create and promote conditions in the capital markets. Central to the SEC’s mandate are the objectives of: