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Securities Amendment Bill, 2012
Parliament of Zimbabwe
August 10, 2012

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BILL

To amend the Securities Act [Chapter 24:25], the Collective Investment Schemes Act [Chapter 24:19] and the Asset Management Act [Chapter 24:26]; and to provide for matters connected therewith or incidental thereto.

ENACTED by the President and the Parliament of Zimbabwe.

Short title

This Act may be cited as the Securities Amendment Act, 2012.

2 Amendment of section 1 of Cap. 24:25

Section 1 (“Short title and date of commencement”) of the Securities Act [Chapter 24:25] (hereinafter called “the principal Act”) is amended by the insertion after “Securities” of “and Exchange”.

3 Amendment of section 2 of Cap. 24:25

Section 2 (“Interpretation”) of the principal Act is amended in subsection (1)—

(a) by the insertion of the following definitions—

““Audit Committee” means the Audit Committee appointed in terms of section 15A;
“board”, in relation to a securities exchange, means the board of directors of the exchange, constituted in terms of paragraph 6 of the Second Schedule;”;

(b) in the definition of “Commission” by the deletion of “Securities Commission” and the substitution of “Securities and Exchange Commission of Zimbabwe”;

(c) by the repeal of the definition of “committee”;

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