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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.
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.
Filling out the national market and bus usually involves providing specific information about trades, including transaction details, participant identifiers, and compliance with regulatory standards; forms and guidelines are typically provided by the overseeing authority.
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.
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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