Regulatory Alerts2019-01-01
Guidelines on Market Levies for 2019
The Securities and Exchange Commission mandates fixed annual market operator levies ranging from GHS 2,000 to GHS 20,000 for fund managers and other market operators throughout the 2019 financial year. The guidelines establish a 0.15 percent transaction levy on share purchases and sales, alongside a 0.01 percent bond trade commission apportioned among market participants, and impose a 0.003 percent depository levy on securities face value. Market operators must settle annual levies by the end of the first quarter, while transaction and depository fees are due within ten to fifteen working days post-transaction, with non-compliance subject to regulatory sanctions under the Securities Industry Act.
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