Regulatory Alerts2020-07-24
The Securities (Commercial Papers) Guidelines 2020
The Securities and Exchange Commission of Zambia issued these 2020 Guidelines to standardize the issuance and registration of commercial paper by domestic companies. The framework mandates that eligible issuers meet specific financial thresholds, register their debt instruments with the Commission, and maintain maturities between thirty and 365 days. Issuers must submit comprehensive registration statements, comply with monthly reporting and creditworthiness disclosures, and provide timely default notifications to secure expedited regulatory approval.
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