Regulatory Alerts2022-02-07
Securities Investment Managers Code of Practice Rules 2022
The Zimbabwean Minister of Finance and Economic Development, acting through the Securities Commission, has approved binding Code of Practice Rules for licensed investment managers to govern their conduct toward clients and client funds. The rules mandate strict ethical standards, independent compliance oversight, robust risk management, and the maintenance of segregated client accounts with annual audits and ten-year record retention. Investment managers must ensure fair client treatment, transparent pricing and advertising, accurate performance disclosures, and continuous staff training to prevent conflicts of interest and market manipulation.
Share