Regulatory Alerts2020-10-09
Securities (Alternative Trading Platform) Rules, 2016
The Securities and Exchange Commission of Zimbabwe, approved by the Minister of Finance and Economic Development, issued these rules to establish a comprehensive regulatory framework for registering and operating Alternative Trading Platforms (ATPs) as lower securities exchanges. The regulations mandate ATPs to maintain Zimbabwe-based data centers, implement robust automated trading and risk management systems, ensure fair market access, and submit detailed operational, financial, and material error reports to the Commission. Furthermore, the rules define a standardized transaction fee schedule, prescribe corporate governance and capital requirements, and grant the Commission explicit authority to assume supervisory functions or enforce penalties for non-compliance.