Regulatory Alerts2021-01-01
Bank of Zambia Circular No. 12 of 2021: Approved Foreign Exchange Broker
The Bank of Zambia has approved CSL Capital UK Limited as a foreign exchange broker, authorizing commercial banks to conduct interbank currency transactions with the entity. This designation fulfills Section 9 of the Interbank Foreign Exchange Market Rules, which previously restricted authorized dealers to dealing exclusively with Bank-approved brokers. Commercial banks must update their broker registries accordingly and may contact the Financial Markets Department for operational guidance.
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