Zimbabwe: Investor Protection Fund to Cushion Local Investors

The Investor Protection Fund (IPF), a creation of the Securities and Exchange Commission of Zimbabwe (SECZ) is established in terms of Section 86B of the Securities and Exchange Act (Chapter 24:25) (Act), which was inserted through Securities Amendment Act (Number 2) of 2013, is playing a key role on in protecting local investors.

The IPF provides compensation to protected investors who have suffered losses as a result of a licensed contributor to the IPF being unable to meet its liabilities. This failure might be due to insolvency, malpractice or other cause.

...

AllAfrica publishes around 400 reports a day from more than 100 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.