Regulatory Alerts2026-05-11
The Securities (Capital Markets Tribunal) Rules, 2021
The Government of Zambia issued Statutory Instrument No. 32 of 2021 to establish comprehensive procedural rules for the Capital Markets Tribunal under the Securities Act, 2016. The Rules mandate specific filing procedures, thirty-day limitation periods for appeals and originating applications, and the establishment of principal and district registries to streamline market misconduct and disciplinary proceedings. They further define the Tribunal’s evidentiary powers, conference scheduling mechanisms, cost allocation, and enforcement of decisions to ensure efficient dispute resolution.
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