Regulatory Alerts2020-10-09
Securities and Exchange (Investor Protection Fund) Rules 2017
The Securities and Exchange Commission of Zimbabwe, with ministerial approval, promulgated these rules to establish the operational framework and governance structure of the Investor Protection Fund. The regulations mandate designated financial contributors to pay levies into a dedicated account, empower an appointed Board and its committees to manage assets and delegate functions, and require the publication of insolvency notices. Eligible investors may claim compensation for contributor malpractice or insolvency within a twelve-month window, subject to a statutory cap limiting total payouts to ten percent of the Fund's assets and allowing the Board to reject or postpone claims based on investor fault or procedural compliance.
Share