Public Notice - Unlicensed Asset Management Activities – QZ ASSET MANAGEMENT

The Non-Bank Financial Institutions Regulatory Authority (“NBFIRA”) hereby informs the public that QZ ASSET MANAGEMENT is not licensed to operate as a Non-Bank Financial Institution as required by Section 3(1) of the Securities Act, 2014, nor has it been granted any dispensation to operate in Botswana by NBFIRA.

NBFIRA notes that QZ ASSET MANAGEMENT advertises itself and / or markets its business as an Asset Manager a licensed and regulated activity under Section 2 of the Securities Act, 2022.

Members of the public are therefore cautioned against transacting with QZ ASSET MANAGEMENT for any asset management services or general investment services.

The public is further advised to exercise due diligence before making any investment with any entity that purports to offer asset management and / or investment services.

Please contact NBFIRA on 310 2595 or 368 6100 to ascertain the legitimacy of any institution that offers investment services prior to making any investment decisions.

Monkgogi P. Rampha (Mr)
ACTING DEPUTY CHIEF EXECUTIVE OFFICER – PROFESSIONAL SERVICES
May 16, 2023