Armstrongs has an exceptionally strong regulatory and compliance practice and has played a pivotal role in the development of the Botswana Stock Exchange (“BSE”), the collective investment undertaking industry, and the International Financial Services Centre, including assisting in the formulation of applicable legislation and regulatory regimes. In addition Armstrongs has acted as advisor to the Bank of Botswana’s Consultative Committee in respect of the National Clearance and Settlement Systems Act, the establishment of rules for the Electronic Clearing House, and the sale and purchase of qualifying securities between banks with the Central Bank as central depository. The firm is also regularly involved in applications to the Central Bank for banking licenses and applications to the Botswana International Financial Services Centre for certification of companies as International Financial Services Centre companies.