Regulatory Alerts2020-10-10
Licensing Requirements for Market Operators
The Securities and Exchange Commission of Ghana issued the 2020 Licensing Guidelines to establish comprehensive licensing requirements for market operators, investment advisers, and representatives. The framework mandates strict adherence to the fit and proper principle, specifies minimum paid-up and liquid capital thresholds, and outlines detailed application procedures for corporate entities and individual licensees. Licensees must maintain robust internal control and risk management systems, submit timely statutory notifications regarding personnel and capital changes, and comply with prescribed fee structures and penalty provisions.
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