Regulatory Alerts2019-08-22
PUBLIC NOTICE TO THE INVESTING PUBLIC
The Securities and Exchange Commission of Ghana addressed investor anxiety regarding liquidity challenges preventing access to matured investments from certain Asset Management Companies and Fund Managers. The regulator instructed these licensed entities to implement mechanisms to honor client obligations as they fall due and established a process for dissatisfied customers to lodge written complaints. To ensure market stability and protect investor funds, the Commission is enforcing stricter capital requirements, corporate governance guidelines, and licensing standards while discouraging panic withdrawals.
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