The Zambia Securities & Exchange Commission has published Circular No. 1/2026/DMSD setting out the 2026 calendar of statutory submission deadlines that Capital Markets Operators (CMOs) must meet under the Securities Act. The circular consolidates due dates for annual reports, interim financial statements, capital adequacy returns, secondary bond trading reports and collective investment scheme (CIS) returns, and notes that the Commission may take supervisory action where CMOs miss the stipulated timelines. The appendices set filing expectations by CMO category, including dealers, investment advisers, securities exchanges, credit rating agencies, clearing and settlement agencies, share transfer agencies and issuers. Annual reports are generally required within 90 days of financial year-end, with additional annual requirements for dealers and investment advisers (separate auditors’ report and confirmation of compliance) and for issuers (annual internal controls over financial reporting deliverables including a gap analysis report, self-certification under section 146, an auditor’s assurance report under section 149, a management letter and specified officer certifications). Dealers must submit monthly capital adequacy returns and, where they trade bonds, daily trade reports by the next business day and monthly consolidated reports, while CIS managers and Zambia representatives must file scheme annual and interim reports and submit monthly and quarterly CIS returns on the schedule provided, including certain deadlines that fall in January 2027 for December 2026 reporting.

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