Regulatory Alerts2015-12-17
Guidelines on Minimum Fit and Proper Requirements of Competence and Capability for Representatives Licenses
The Securities Commission of Zambia issued these guidelines to establish the minimum fit and proper criteria for individuals applying for representatives licenses from dealers or investment advisers. Licensees must assess applicants based on probity, competence, and financial integrity, while the Commission evaluates specific qualifications, practical experience, and independent referees. Applicants must complete accredited certification programs, submit detailed curricula vitae, and provide two senior referees who have known them for at least five years.
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