Regulatory Alerts2021-07-18
Investment Guidelines for Fund Managers
The Securities and Exchange Commission of Ghana has issued binding guidelines mandating licensed fund managers to implement strict client profiling, know-your-client protocols, and suitability assessments before executing investment mandates. The document establishes precise asset allocation limits, including a 15% cap on related-party investments and a 10% restriction on unlisted securities, while requiring robust risk management frameworks and independent investment committee approvals for all portfolio decisions. Fund managers must also submit quarterly placement and performance reports to the Commission, maintain comprehensive disclosure records, and face regulatory penalties or license revocation for non-compliance.
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