Regulatory Alerts2018-03-13
Guidelines on Market Levies for 2018
The Securities and Exchange Commission issued these guidelines to establish the mandatory market levy framework for the 2018 financial year. The document mandates fixed annual fees for market operators ranging from GHS 3,000 to GHS 20,000, a 0.15% transaction levy on share trades, and a 0.003% depository levy on securities face value. Compliance requires operators to remit annual levies by the end of the first quarter, while transaction and depository levies must be paid within seven days following the month of the relevant trade, with non-payment subject to statutory sanctions.
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