Regulatory Alerts2020-10-12
Securities (Registration, Licensing and Corporate Governance) Rules 2010
The Zimbabwean Minister of Finance, approving rules drafted by the Securities Commission, established detailed regulatory frameworks governing securities exchanges and licensed market participants. The instrument mandates standardized application procedures, board composition standards, shareholding limits, and corporate governance compliance for exchanges, while specifying licensing conditions, trust account management, and capital adequacy requirements for dealers and advisers. Additionally, the rules standardize fee structures, levy payments, audit obligations, and dispute resolution mechanisms to enforce market transparency and regulatory compliance.
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