The Act is the legal framework for the Securities Commission of Zimbabwe, establishing it Section3. It was promulgated in 2004 and operationalised in 2008
The objectives , functions and powers of the Commission are set out in Section 4 and they are:
Section 23 provides that the Funds of the Commission shall consist of levies, fees, allocations from Treasury and moneys that may vest or accrue to it in terms of the Act or otherwise.
Section 118 empowers the Commission to make rules providing for matters that are necessary for giving effect to the Commission’s objectives and the provisions of the Act.
The Act has provisions for the registration of securities exchanges under Part IV, the licensing of brokers and other persons under Part V, the maintaining of trust accounts by certain licensed persons under Part VI, management of registered securities exchanges under Part VIII and provisions for central securities depositories under Part IX.
The rest of the Act covers misuse of inside information, improper trading practices, supervision of institutions.
The following legislation is available for download:
Download Statutory Instruments.