Central Securities Depository

Requirements for Central Securities Depository Rules

1. A copy of the operator’s registration certificate, memorandum and articles of association.
2. A copy of the scheme under which the central securities depository is to be established.
3. The proposed rules of the central securities depository.
4. The business plan and marketing plan of the proposed central securities depository.
5. Profiles of the chief executive officer and other key employees of the proposed central security depository.
6. Structure of the company/organization
7. The applicant’s last audited balance sheet and profit and loss statement if any.
8. A clearance certificate for the applicant from the Zimbabwe Revenue Authority.
9. Certified copies of any certificates evidencing the qualifications or training of the applicant’s directors and secretary.
10. Proof of the paid-in capital of the operator.
11. Proof of money set aside for the guarantee fund of the central securities depository.
12. Insurance Policy
13. Auditor’s certificate on capital adequacy
14. Operational and Accounting manuals
15. Proof of payment of fees
16. Copy of agreement between systems provider and the Applicant
17. Schedule of proposed fees

List of Central Securities Depositories currently licensed by the Securities and Exchange Commission of Zimbabwe