The Securities and Exchange Commission says it will continue developing statutory instruments following the enactment of the securities Act number 41 of 2016.

Commission Chief Executive Office Philip Chitalu said limitation in the product range in Zambia’s Capital Market is one of the factors affecting the developments of the market.
Mr Chitalu said the commission is developing the regulation of new products such as Real estate investment trust, Exchange traded funds, Venture capital and private equity funds.

“The Commission is developing regulation of new products such as Real Estate Investments Trusts, Exchange traded funds, Venture Capital and Capital Equity funds,” He said.
He notes that the formulation of regulations and guidelines for the products presents opportunities to deepen the Country’s capital market.

“For instance once REITS guidelines are issued  pension schemes  such as NAPSA could  reduce risk in some of their investments by selling portions of ownership and thus avoiding  100% risk retention in some properties such as Levi mall, ECL, as well as hotels,” He explained.
He further said finalization of regulations on REITS and venture and private equity fund is expected to increase activities in the capital market including the number of participants and size of funds under management.