Regulatory Alerts2025-08-20
Securities (Conduct of Business) Rules 1993
The Government of Zambia issued Statutory Instrument 168 of 1993 to mandate conduct standards for licensed securities firms. The Rules require licensees to maintain independence, avoid conflicts of interest, ensure suitability and fair trade execution, safeguard customer assets, and transparently disclose charges and risks. Non-compliance triggers license suspension or revocation, while mandatory record-keeping and internal supervision procedures ensure continuous regulatory oversight.
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