Regulatory Alerts2025-05-16
Securities (Registration of Securities) Rules S.I No 164 Of 1993
The Zambian Securities Commission issued these rules to establish mandatory registration procedures for equity and debt securities, requiring detailed prospectuses and specific supporting documentation. Registered issuers must maintain continuous market transparency by promptly disclosing interim financial results, dividend decisions, pre-emptive rights exercises, and material corporate changes. The framework further enforces director accountability for misleading prospectuses and mandates shareholder approvals for major capital restructuring, mergers, and extended service contracts.
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