How do I become a member of the ZSE?
Members of the ZSE can have either individual or corporate status.
To become an individual member, one has to go through a rigorous training process within the industry, in addition to having a recognised degree in business related studies and having passed specified modules of the Registered Persons Examinations of the South African Institute of Financial Markets. The individual must also be at least 21 years of age and be ordinarily resident in Zimbabwe, in addition to owning assets in excess of his/ her liabilities by an amount stipulated in the members’ rules.
A corporate member should be a company incorporated in Zimbabwe with its sole object the business of stockbroking. It should have at least two individual members in its employ. Other requirements also exist with regard to issued share capital, Memorandum and Articles of Association as provided for in the members’ rules.
Can individuals become members of the ZSE?
Individuals can become members of the ZSE if they meet the specified requirements.
Who are the members of the ZSE?
A list of ZSE members is available.
What are the requirements to open a stock broking firm?
A stockbroking firm should have at least 2 members of the Exchange who are licensed by theSecurities Commission of Zimbabwe. There is a prescribed guide on the scope and purpose of stockbroking firms. The Securities Act and Statutory Instrument 100 of 2010(S.I.100, 2010) provide more detailed guidance on the requirements.
What is happening with the de-mutualisation of the ZSE?
The process of either privatisation or demutualisation of the bourse is underway.
Are the ZSE members supervised and does the supervision extend to levels of capital requirements?
The ZSE members are supervised through the Exchange to ensure compliance with the members’ rules and all relevant statutory requirements. The Securities Commission is the overall regulatory body that enforces rules of the Exchange.