GN 2020-583 Exchange Control (Suspension of Fungibility of Certain Shares) Order, 2020

EXCHANGE CONTROL (SUSPENSION OF FUNGIBILITY OF CERTAIN SHARES) ORDER, 2020
Order for Suspension of Fungibility of Certain Shares
THIS Order applies to—
(a) all securities dealers;
(b) all issuers of dual-listed securities mentioned in subparagraphs
(i) to (iii) below;
(c) all holders of securities in the companies mentioned in subparagraphs (i) to (iii) below;
(d) the Central Securities Depository or other custodians;
(e) all registered securities exchanges;
(f) all authorised dealers;
(g) all transfer secretaries.
WHEREAS the Securities and Exchange Commission of Zimbabwe has issued Directive No. SS 12/03/2020 to all securities market intermediaries instituting an audit of all transaction inflows on dual listed shares concluded on or after the 1st June, 2019.

Download File: 

Tags: