Regulatory Alerts2026-02-03
Directive to Market Operators on Investments in Foreign Securities for Collective Investment Schemes
The Securities and Exchange Commission of Ghana has issued a directive capping foreign securities investments for collective investment schemes at 20 percent for locally licensed funds or 70 percent for those with substantial foreign exposure. The regulation requires all cross-border investments to target approved eligible markets where local regulators hold IOSCO membership or a bilateral memorandum of understanding. Fund managers must amend scheme particulars to comply within 90 days, with the SEC retaining authority to enforce sanctions for non-compliance.
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