Regulatory Alerts2022-10-20
Directive on Fair Value Through Other Comprehensive Income (Mark-to-Market) Valuation of Investment Assets and Portfolios
The Securities and Exchange Commission of Ghana directs Fund Managers, Custodians, and Trustees of Collective Investment Schemes to adopt Fair Value Through Other Comprehensive Income (FVOCI) for valuing client portfolios and investment securities. Market operators must source pricing from the Ghana Stock Exchange and Ghana Fixed Income Market, charge management fees based on mark-to-market valuations, and amend scheme particulars at their next annual or investors' meeting. This mandate ensures portfolio valuations accurately reflect current market values amid rising interest rates, thereby maintaining pricing consistency and safeguarding investor interests across the securities sector.
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