Regulatory Alerts2021-10-11
Request for Expressions of Interest: Individual Consultant for Risk-Based Supervision and Capacity Building
The Securities and Exchange Commission (SEC) of Ghana is soliciting expressions of interest from qualified individual consultants to support its transition to a risk-based supervisory framework and deliver capacity-building programs for the securities market. Funded by the African Development Bank, the assignment requires the consultant to conduct gap analyses, assess market operator risks, design a compliant supervisory framework aligned with IOSCO principles, and train SEC and market operator staff. Eligible candidates must submit their qualifications and curriculum vitae by October 22, 2021, in accordance with the Bank’s consultant selection rules, with further information available during specified office hours.
SPECIFIC PROCUREMNT NOTICE The Republic of Ghana Securities and Exchange Commission (SEC), Ghana REQUEST FOR EXPRESSIONS OF INTEREST (CONSULTING SERVICES) RECRUITMENT OF AN INDIVIDUAL CONSULTANT FOR THE IMPLEMENTATION SUPPORT FOR RISK-BASED SUPERVISION APPROACH AND CAPACITY BUILDING Country: Ghana Name of Project: Ghana Capital Market Supervision and Market Rules Capacity Building Project Sector: Financial Services Project ID No.: P-GH-HB0-008 Grant No.: G-GH-H00-SUP-001 Contract Name: Individual consultancy services for the implementation support for risk-based supervision approach and capacity building IFB No.: SEC/AfDB/CMSMRCB/ICS/SERV/01/2021
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The Securities and Exchange Commission (SEC), Ghana has received financing from the African Development Bank towards the cost of the Ghana Capital Market Supervision and Market Rules Capacity Building Project and intends to apply part of the agreed amount of the grant to payments under the contract for engaging the services of “an Individual Consultant (Resident Consultant) to support the SEC’s migration to Risk-Based Supervisory Framework and Capacity Building for the Securities Market”
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The services included under this assignment are: review of existing practices, tools, processes of the SEC and gap analysis in light of proposed transition to risk-based supervisory and regulatory framework for capital markets; risk assessment of the market operators; provide risk-based supervision training and capacity building for staff of the SEC as well as capital market operators; and work with the Consulting Firm and staff of SEC to design appropriate risk-based framework in line with “IOSCO Principles and Objectives of Securities Regulation” and the peculiarities of the Ghanaian capital market conditions among others.
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The Securities and Exchange Commission (SEC), Ghana now invites eligible consultants to indicate their interest in providing these services. Interested individual consultants must provide information indicating that they are qualified to perform the services (i.e., brochures, description of similar assignments, experience in similar conditions, updated Curriculum Vitae or record of practical experiences).
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Eligibility criteria, establishment of the short-list and the selection procedure shall be in accordance with the African Development Bank’s “Rules and Procedures for the use of Consultants” dated October 2015, which is available on the Bank’s website at http://www.afdb.org.
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Interested consultants may obtain further information at the address below during office hours of 09:00 GMT to 16:00 GMT, Monday to Friday, excluding public holidays from Monday 11th to Friday 22nd October 2021.
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Expressions of interest must be delivered to the address below by Friday 22nd October 2021 and must be clearly marked “Individual Consultant (Resident Consultant) to support the SEC’s migration to Risk-Based Supervisory Framework and Capacity Building for the Securities Market”. Project Implementation Unit Coordinator: Securities and Exchange Commission, Ghana 30 3rd Circular Road Cantonments, CT 6181, Cantonments, Accra Mr. Emmanuel Ashong-Katai +233302768970-2 emmanuel.ashong-katai@sec.gov.gh copy: jonathan.eloh@sec.gov.gh