Regulatory Alerts2025-01-22
Securities (Institutions Licensing) Regulations 2017
Issued by the Botswana Minister of Finance and Economic Development, these regulations establish comprehensive licensing requirements for entities establishing or operating securities institutions under the Securities Act. The Regulatory Authority evaluates applicants based on corporate governance, financial resources, key personnel qualifications, and controller integrity before granting single or multi-category licences valid for three years. Licensed institutions must comply with ongoing supervisory levies, renewal procedures, and strict conditions regarding key appointments, while facing administrative penalties or licence suspension for non-compliance.
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