Regulatory Alerts2025-05-16
Securities (Collective Investment Schemes) Rules S.I No 161 of 1993
The Zambian Securities Commission issued Statutory Instrument No. 161 of 1993 to regulate the authorization, structure, and ongoing operation of collective investment schemes. The Rules require authorized schemes to appoint qualified trustee/custodians and management companies that meet specific capital, independence, and reporting obligations. They further establish strict operational standards for unit pricing, valuation methods, redemption timelines, and connected-person transactions to safeguard investor interests.
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