Regulatory Alerts2010-04-01
Added · Updated
Guidance on the Issuance of Licences to Representatives of Licensees
The Securities and Exchange Commission of Ghana mandates Investment Advisers and Broker-Dealers to licence their representatives, establishing clear definitions for each role and requiring ordinary Ghanaian residency. Licensed representatives must notify the Commission of any cessation or changes to their particulars within fourteen days, incurring a daily GH¢50 penalty and potential licence suspension for defaults exceeding thirty days. These directives, effective April 1, 2010, standardize the regulatory framework to ensure consistent oversight and operational accountability across licensed securities firms.
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