Regulatory Alerts2013-10-30
Guidelines for Investments in Foreign Jurisdictions by Managers of Collective Investment Schemes
The Securities and Exchange Commission of Ghana mandates licensed collective investment scheme managers to formally disclose foreign investment intentions, utilize licensed local brokers for transactions, and appoint regulated sub-custodians or sub-trustees to safeguard overseas assets. These guidelines require updated scheme documentation, real-time valuation systems, and weekly balance reconciliations to ensure transparent fund management. Eligible foreign investments are strictly limited to approved markets, including IOSCO member states and jurisdictions with active SEC Ghana memoranda of understanding.
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