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17th July, 2020Statutory Instruments365GOVERNMENT OF ZAMBIA STATUTORY INSTRUMENT NO. 64 OF 2020 The Markets and Bus Stations Act, 2007 (Act No. 7 of 2007) The National Market and Bus Station Development
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The national market refers to a system of trading securities within a country that has designated rules and regulations for transactions. 'Bus' generally refers to business or business types related to the national market.
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Entities that engage in trading securities within the national market, including brokers, dealers, and certain institutional investors, are typically required to file national market and bus.
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The purpose of national market and bus is to ensure transparency, efficiency, and regulatory compliance in the trading of securities, helping to maintain market integrity and investor confidence.
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Information that must be reported includes trade execution details, participant identification, transaction amounts, dates, and any relevant compliance documentation required by regulators.
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