Regulatory Alerts2025-08-18
Securities Industry (Underwriter) Guidelines 2025
The Securities and Exchange Commission of Ghana has issued the Securities Industry (Underwriter) Guidelines 2025 to regulate the licensing, registration, and operational conduct of underwriters, including broker-dealers and issuing houses. The guidelines mandate that all underwriters meet prescribed capital requirements, register their underwriting agreements with the SEC, and maintain strict compliance with due diligence, conflict of interest disclosure, and seven-year record-keeping obligations. Additionally, the document establishes comprehensive anti-money laundering protocols, outlines specific duties and prohibitions for underwriters, and authorizes the SEC to impose administrative penalties or remedial actions for non-compliance.
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