Regulatory Alerts2018-06-19
Directive on Guaranteed Returns and Fixed Term Investments
The Ghana Securities and Exchange Commission requires all fund managers to discontinue new fixed term and guaranteed return investments, submit position data by 30 June 2018, and unwind existing commitments within a six-month window ending 31 December 2018. The directive also mandates the review of draft Investment Guidelines and clarifies permitted client mandates for retail, high net worth, and institutional investors. These measures aim to mitigate emerging industry risks while safeguarding investor interests through enhanced transparency and operational efficiency.
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