Regulatory Alerts2025-01-01
Securities Industry (Financial Resources) Guidelines 2025
The Securities and Exchange Commission of Ghana issued the 2025 Guidelines to mandate licensed market operators to maintain specified minimum paid-up share capital and liquid capital at all times. The framework establishes detailed calculation methodologies for liquid assets and adjusted liabilities, incorporating prescribed haircut percentages, trade-date accounting, proprietary position valuations, and strict no-set-off rules. Market operators must continuously monitor liquidity, immediately report shortfalls to the Commission, and face daily penalties or license suspension for non-compliance.
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