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.
