Regulatory Alerts2020-10-09
Securities (Debt Securities Levies) Rules 2017
The Zimbabwean Minister of Finance and Economic Development, acting on the Securities and Exchange Commission’s proposal, has approved rules mandating standardized levies on all debt securities transactions. Securities dealers serve as collection agents, remitting specified percentage-based charges to the SEC, exchanges, central depository, brokerage VAT fund, and investor protection fund by the close of business on Friday following each transaction. These uniform rates apply to every investor purchasing, selling, or exchanging debt securities, ensuring consistent regulatory funding across the market.
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