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ZAMBIAN CENTRAL BANK PRESCRIBES GUIDELINES FOR THE FIT AND PROPER ASSESSMENT FOR THE APPOINTMENT OF SHAREHOLDERS, DIRECTORS AND SENIOR MANAGEMENT IN ENTITIES UNDER ITS SUPERVISION
in Legal Alerts
Authors: Lupiya Simusokwe and Sankananji Mubanga- Chilufya
Date: 14 February 2024
On December 29, 2023, the Bank of Zambia introduced guidelines (the “Guidelines”) for fit and proper assessment. The primary objective of the Guidelines is to strengthen the governance framework of regulated entities and harmonize the requirements of the fit and proper assessment applicable to regulated entities.
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