Rule · SEC · 29 Jun 2022

Circulars on Appointment of Directors and Acquisition of Securities of Public Companies

Issued by the Securities and Exchange Commission, this circular clarifies that references to 'public companies' in its May 2002 directives apply exclusively to companies limited by shares. Consequently, LDM directors may serve on the boards of non-share-limited entities without regulatory conflict. Corporate governance practitioners must ensure that director appointments and securities acquisitions strictly adhere to this share-limitation classification.

GhanaSecurities and Exchange Commission Ghana

S E C U R I T I E S & E X C H A N G E C O M M I S S I O N C O M P L I A N C E M A N U A L FOR BROKER-DEALERS, INVESTMENT ADVISERS & REPRESENTATIVES

OUR REF: SEC/CIR/LIC.OPS./V.1
21ST JUNE, 2002

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RE : CIRCULARS ON APPOINTMENT OF DIRECTORS AND ACQUISITION OF SECURITIES OF PUBLIC COMPANIES

We wish to bring to your notice that references made to “public companies” in our Circulars Nos. SEC/CIR/001/2002 and SEC/CIR/002/2002, issued on 31st May 2002, apply only to companies limited by shares.

As such, directors of LDMs may serve on boards of companies that are not limited by shares.

Please take note accordingly.

DR. CHARLES ASEMBRI
DIRECTOR-GENERAL

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J A N U A R Y 2 0 0 8

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Amends

Acquisition of Securities of Public Companies by Licensed Dealing Members, Broker-Dealers and Investment Advisers2002 · SEC
“We wish to bring to your notice that references made to “public companies” in our Circulars Nos. SEC/CIR/001/2002 and SEC/CIR/002/2002, issued on 31st May 2002, apply only to companies limited by shares.”

Timeline

This document amends: Acquisition of Securities of Public Companies by Licensed Dealing Members, Broker-Dealers and Investment Advisers