Regulatory Alerts2015-01-01
Circular 04/2015: Issuance of Principles for Financial Market Infrastructures (PFMIs)
The Bank of Zambia requires all domestic institutions operating financial market infrastructures to adopt the CPSS-IOSCO Principles for Financial Market Infrastructures to harmonize and strengthen systemic risk management standards. Regulated entities must perform annual self-assessments using a prescribed format and submit the completed reports to the central bank by March 31 of the following year. Full compliance with these operational and disclosure mandates is compulsory for all affected institutions by December 31, 2016.
Share