The key information asked for in the form is meant to ascertain the company's ability to add value to the Exchange and the market as a whole through its status as a subsequent member of the Exchange.

The Membership Application form also requires that the applicant attaches its latest financial information. If after the close of its financial year and recent audited accounts are not available then Management Accounts in addition to the last audited accounts will normally suffice.

This application is submitted to the ZAMACE Executive Director who will recommend the application after Management goes through it to the Membership and Rules Committee of the Exchange. If approved this application is sent to the Board for ratification. An EGM or AGM is held and 1,000,000 shares are approved for allotment to the successful applicant after payment of the requisite membership fee.

Only then can a member conduct trading on its behalf or on the behalf of clients through ZAMACE and is bound by ZAMACE Rules and Regulations. Member Brokers charge a commission for their services.

The company will nominate natural persons to act on its behalf. These are the Brokers with whom clients will interact. They must be approved by ZAMACE by demonstrating their understanding of the Rules and Regulations. The Exchange conducts broker assessment training sessions to ensure compliance.

ZAMACE authorised brokers are required to sign a Contract of Agency with their clients as proof of their mandate to act on the clients behalf. The Contract spells out the relationship between the broker and their client. The instructions outlined in this contract are executed through the Exchange by submitting a position to buy/sell on a prescribed form. When a deal is closed a ZAMACE Short Contract is signed by the brokers in the transaction. This is a ZAMACE summary of the agreements between the parties.

The full list of ZAMACE Members and their appointed brokers is available from the Exchange on request.