(a) To take all available steps to ensure that this Act and any rules made under

this Act are complied with;

(b) To supervise and monitor the activities of any securities exchange and the

settlement of transactions in securities;

(c) To license and monitor the activities of securities exchanges, dealers,

investment advisers and their respective representatives and of persons who,

within the meaning of rules made under this Act, are non-bank custodians or

service registrars;

(d) To approve the constitutions, charters, articles, by-laws, rules and regulations

governing and pertaining to any securities exchange;

(e) To make, issue, monitor and enforce rules for the conduct of participants in

the securities industry and for the supervision and investigation of that

conduct, including rules relating to licensing and for the revocation and

suspension of licences;

(f) To promote and encourage high standards of investor protection and integrity

among members of any securities exchange;

(g) To support the operation of a free, orderly, fair, secure and properly informed

securities market;

(h) To regulate the manner and scope of securities on any securities exchange,

the exchange rules, listing requirements, margin requirements, capital

adequacy requirements, disclosure and periodic reporting requirements,

trade settlement and clearing requirements;

(i) To take all reasonable steps to safeguard the interest of persons who invest in

securities and to suppress illegal, dishonorable and improper practices in

relation to dealings in securities, whether on the securities exchange or

otherwise;

(j) To take all reasonable steps to promote and maintain the integrity of persons

licensed under Part IV and encourage the promulgation by such persons of

balanced and informed advice to their clients and to the public generally;

(k) To consider and suggest proposals for the reform of the law relating to the

securities industry;

(l) To encourage the development of securities markets in Zambia and the

increased use of such markets by investors in Zambia and elsewhere;

(m) To promote and develop self-regulation by securities exchange;

(n) To co-operate, by the sharing of information and otherwise, with other

supervisory bodies in Zambia and elsewhere;

(o) To exercise and perform such other powers, authorities, duties and functions

as may be conferred or imposed upon it by or under this or any other Act.