List of Capital Market Operators

The Securities and Exchange Commission (SEC), a regulatory body which is established under the Securities Act, Cap 354 of the Laws of Zambia, is the licensing authority for capital markets and securities business intermediaries. As the regulator and supervisor of the capital markets and securities industry in Zambia, the SEC hereby informs the investing public that it is a requirement of the Securities Act for all financial intermediaries conducting securities business such as dealing in securities, collective investment schemes, derivative products, providing investment advisory services, and any similar activities in Zambia to be licensed unless such intermediaries are exempt by law.

Therefore, before any person conducts securities business in Zambia, that person must obtain an appropriate license from SEC. Likewise, the public should, for their own protection, ensure that they only deal with licensed firms or individuals when conducting investment related transactions such as putting their money in unit trusts, offshore investment plans etc.

Licensees are required by law to display their licenses prominently at all their business premises. Members of the public are warned that you should only give instructions to properly licensed persons, as placing your financial assets and other interests with unlicensed persons places your investments at great risk. When in doubt regarding the licensing status of any person offering you securities business, kindly consult the SEC.

The investing public is hereby notified that the following firms and individuals are licensed to conduct the type of securities business in the respective license categories in which they appear.

Note:

*Institutions whose Licence has been suspended