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Amendment Bill, 2012
August 10, 2012
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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.
This Act may
be cited as the Securities Amendment Act, 2012.
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”.
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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