Regulatory Alerts2015-01-01
Bank of Zambia Circular No. 4/2015: Principles for Financial Market Infrastructures
The Bank of Zambia issued Circular No. 4/2015 to implement the CPSS-IOSCO Principles for Financial Market Infrastructures, requiring all relevant institutions operating payment systems, securities depositories, settlement systems, and central counterparties to comply with the established risk management standards. Institutions must conduct annual self-assessments using a prescribed format and submit the results to the central bank by March 31 of each subsequent year. Full compliance across all designated financial market infrastructures is mandated by the end of December 2016, supported by attached disclosure frameworks and assessment methodologies.
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