The Securities and Exchange Commission of Zimbabwe has issued a notice clarifying how securities market intermediaries should calculate insurable amounts for professional indemnity cover. The clarification relates to paragraph 4.1 of the December 2025 Capital Adequacy Directive for Securities Market Intermediaries and states that the amount used for professional indemnity purposes is at the discretion of the firm. The notice was issued under paragraph 21 of the First Schedule of the Securities and Exchange Act Chapter 24:25. It is framed as a clarification of the amount that must be used when calculating insurable amounts in respect of professional indemnity.
Securities & Exchange Commission of Zimbabwe2026-01-06
Securities and Exchange Commission of Zimbabwe clarifies firms may determine the amount used for professional indemnity cover calculations
The Securities and Exchange Commission of Zimbabwe has clarified that, under paragraph 4.1 of the December 2025 Capital Adequacy Directive for Securities Market Intermediaries, the amount used for professional indemnity cover is at the discretion of the firm. The notice addresses the calculation of insurable amounts for professional indemnity.