Regulatory Alerts2022-06-29
Market Guidance for the Issue of Securities
The Ghana Securities and Exchange Commission issued this compliance manual to standardize the public issuance of securities by broker-dealers, investment advisers, and listed companies. It requires sponsors to submit complete draft prospectuses at least six weeks before an offer opens, undergo a structured review process, and maintain non-interest-bearing escrow accounts for all subscription monies. The guidelines further mandate timely disclosure of material information, strict adherence to refund and allotment timelines, and the submission of a post-offer report with applicable fees within fourteen days of offer closure.
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