In law, is there a financial regulatory agency overseeing publicly listed companies?
Comments: This function is undertaken by the Zimbabwe Stock Exchange (ZSE). References: ZSE Act 1980; Companies (Amendment) Act 1980 Peer Review Comments: The financial sector extends beyond what is in the purview of the Zimbabwe Stock Exchange. It is arguable that the unregulated, formal and informal part of this sector is larger than what the ZSE regulates, even after the outlawing of currency traders (bureaux de change) in November 2002. The speculative activities of asset management firms, which mushroomed in the latter half of 2003, illustrated the extent to which collusion exists between listed companies and unregistered players in the financial sector. Effective regulation requires the participation of multiple regulators, including professional supervisory bodies, such as the bankers association, the chambers of commerce, the law society, the accountants profession, etc.
