Regulatory Alerts2019-04-02
SEC Ghana Remarks on Asset Management Companies and Investor Protection
The Securities and Exchange Commission of Ghana published a notice to enhance market transparency by color-coding asset management firms with regulatory issues or pending complaints on its website. The document instructs investors to verify firm status, avoid panic withdrawals, and utilize a formal complaint process that requires a 30-day resolution period with the fund manager before SEC intervention. Additionally, the regulator is implementing stricter licensing standards, higher capital requirements, and enhanced enforcement measures to ensure the safety and integrity of the asset management sector.
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