Regulatory Alerts2019-11-08
FAQs on SEC Revocation of FM Licences
The Securities and Exchange Commission of Ghana revoked the licences of fund managers to protect investors and market integrity after regulatory breaches went unresolved. The Registrar-General will act as Official Liquidator to wind up the firms, realize assets, and validate investor claims for payment. Additionally, responsible officers and shareholders face a five-year ban from the capital market, while a stricter licensing and supervision regime is implemented to prevent future occurrences.
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