Regulatory Disclosures
Regulatory information and compliance disclosures for the Botswana Mercantile Exchange.
The Botswana Mercantile Exchange Limited (BMX) is licensed and regulated by the Non-Bank Financial Institutions Regulatory Authority (NBFIRA) under the Securities Act and the Financial Institutions Act of Botswana.
Licence and registration particulars may be verified directly with NBFIRA (www.nbfira.org.bw) or requested from the BMX Compliance Office at compliance@bmx.co.bw.
BMX maintains a comprehensive conflict of interest policy that requires all directors, officers, and employees to disclose any personal or business interests that may conflict with their duties to the Exchange. Transactions that could create conflicts are subject to enhanced oversight and must be approved by the Board or relevant committee.
Trading commodity futures and options involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is appropriate for you in light of your experience, objectives, financial resources, and other relevant circumstances.
Key risks include:
- Market risk - prices can move rapidly against your position
- Liquidity risk - difficulty exiting positions in certain markets
- Leverage risk - losses may exceed your initial margin deposit
- Operational risk - system failures or human error
- Counterparty risk - default of a clearing member
Past performance is not indicative of future results. You should consult with qualified professionals before trading.
BMX operates a Central Counterparty (CCP) model where the Clearing House interposes itself between buyers and sellers. Client assets and margin deposits are held in segregated accounts at approved depositories and are protected from claims of the clearing member's creditors under the Securities Act.
BMX operates a dedicated Market Surveillance Department that monitors trading activity 24/7 to detect and prevent market abuse, including:
- Insider trading
- Market manipulation
- Spoofing and layering
- Wash trading
- Position limit violations
BMX maintains a formal complaints handling procedure. Complaints may be submitted to:
Compliance Officer
Botswana Mercantile Exchange Limited
Building 3, Fairscape Precinct, Fairgrounds Office Park
Gaborone, Botswana
Email: compliance@bmx.co.bw
Complaints will be acknowledged within 2 business days and resolved within 30 business days. Unresolved complaints may be referred to NBFIRA.
BMX encourages the reporting of any suspected misconduct, fraud, or regulatory violations. Reports may be made anonymously through our confidential whistleblower hotline:
Whistleblower Hotline: +267 310 0005
Email: whistleblower@bmx.co.bw
BMX prohibits retaliation against individuals who make good-faith reports.