Regulations

AfDB's Integrated Safeguards System and ESG guidelines applicable to all AfDB-financed transactions.

Voluntary framework by the International Capital Markets Association defining green bonds and establishing best practice for use of proceeds, project evaluation, management of proceeds and reporting.

Global standard for automatic exchange of financial account information between tax authorities, developed by the OECD.

IFC's environmental and social standards that apply to all IFC-financed projects and are widely adopted by DFIs and ESG-focused investors.

US legislation requiring foreign financial institutions to identify and report on accounts held by US persons. Implemented through intergovernmental agreements.

The UN Security Council's consolidated list of entities and individuals subject to targeted financial sanctions.

SADC programme to harmonise capital market regulations across member states to facilitate cross-border securities issuances and investment.

2023 amendments to the Securities Act introducing digital asset regulation, improved prospectus requirements and expanded SEC Zambia enforcement powers.

Rules and requirements for listing on the Lusaka Securities Exchange. Covers prospectus preparation, continuing obligations, corporate governance and trading rules.

Regulates electronic communications, digital signatures and transactions in Zambia. Administered by ZICTA.

Primary legislation governing banking institutions, electronic money institutions and other financial services providers in Zambia. Administered by the Bank of Zambia.

Governs the incorporation, operation, restructuring and dissolution of companies in Zambia. Administered by PACRA (Patents and Companies Registration Agency).

Primary legislation governing the issuance, trading and regulation of securities in Zambia. Establishes the Securities and Exchange Commission of Zambia (SEC Zambia) and its powers.

Governs competition law and merger control in Zambia. Administered by the Competition and Consumer Protection Commission (CCPC).

Establishes the Financial Intelligence Centre (FIC) of Zambia and defines AML/CFT obligations for reporting entities including banks, investment managers and capital market participants.

Prohibits money laundering and provides for the forfeiture of proceeds of crime. Works in conjunction with the FIC Act.

Regulates insurance and reinsurance companies in Zambia. Supervised by PIA. Prescribes investment guidelines and solvency requirements for insurers.

Regulates occupational pension schemes in Zambia. Establishes the Pensions and Insurance Authority (PIA) as the supervisory body. Sets investment limits for pension fund asset allocation.

Establishes the Zambia Revenue Authority and its mandate to administer tax legislation including income tax, VAT and capital gains tax.