Regulatory Alerts2026-01-01
Financial Services (Licensing and Operating Requirements for Securities Brokers and Dealers) Directive 2026
The Registrar of Financial Institutions in Malawi has issued the 2026 Directive to establish comprehensive licensing and operating standards for securities brokers and dealers. The regulation mandates a minimum startup capital of K100 million, specific corporate governance structures, robust information management systems, and mandatory professional indemnity and fidelity insurance. It further enforces strict capital maintenance, fiduciary duties, monthly reporting obligations, and a tiered penalty framework for contraventions to ensure market integrity.
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