Business / Economy
Securities Commission of Zimbabwe engages the World Bank
21 Oct 2011 at 07:40hrs | Views
The Securities Commission of Zimbabwe has engaged the World Bank to assist in the crafting of additional rules for the capital markets including, but not limited to, conduct of business, insider trading, custodial, investment advisers and listing rules.
The rules will be circulated to all key stakeholders for their input in this last quarter of 2011.
After submissions of comments by the stakeholders and consolidations of the comments, SECZ will then engage the market with the consolidated drafts. The rules would then be made legal in the first quarter of 2012.
Analysts say the regulatory framework should aim to primarily maintain market integrity and investor protection. SECZ is expected to exert greater control on improving governance and disclosure for listed companies.
The rules will be circulated to all key stakeholders for their input in this last quarter of 2011.
After submissions of comments by the stakeholders and consolidations of the comments, SECZ will then engage the market with the consolidated drafts. The rules would then be made legal in the first quarter of 2012.
Analysts say the regulatory framework should aim to primarily maintain market integrity and investor protection. SECZ is expected to exert greater control on improving governance and disclosure for listed companies.
Source - businessdigest
