Regulatory Alerts2021-07-18
Investment Guidelines for Fund Managers
The Securities and Exchange Commission of Ghana has issued these Investment Guidelines to mandate comprehensive risk management, asset allocation limits, and client protection standards for all licensed Fund Managers. The regulations require strict adherence to Know Your Client profiling, suitability assessments, and defined investment caps for related parties, banks, and unlisted securities while prohibiting guaranteed returns on management agreements. Fund Managers must establish robust governance committees, conduct rigorous due diligence, and submit quarterly performance reports to the Commission and clients, with non-compliance subject to regulatory penalties and corrective directives.
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