RegAlert
2026-09-28

Added

Securities Industry (Foreign Funds) Guidelines 2026

The Securities and Exchange Commission of Ghana establishes requirements for the offering, marketing, and distribution of foreign funds, mandating that only SEC-authorised licensed capital market operators may facilitate these activities. Foreign funds must be domiciled in jurisdictions with specific regulatory agreements, such as IOSCO MMoU signatories, and must appoint a local representative with a minimum paid-up capital of GHS5,000,000 and a licensed local custodian. The guidelines impose strict obligations on representatives regarding anti-money laundering compliance, investor due diligence, and the submission of annual and quarterly reports within specified deadlines, such as 120 days for audited annual reports and 21 days for quarterly updates.

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‘Ensuring Investor Protection’
SECURITIES AND EXCHANGE COMMISSION, GHANA
SECURITIES INDUSTRY (FOREIGN FUNDS)
GUIDELINES, 2026
SEC/GUI/004/09/2026

ARRANGEMENT OF GUIDELINES
PART A: PRELIMINARY

  1. Application of Guidelines
  2. Eligibility and Criteria
  3. Permitted Foreign Funds
  4. Preliminary Requirement
    PART B: ANTI-MONEY LAUNDERING
  5. Anti-Money Laundering and Combating of Financing of Terrorism
    PART C: AUTHORISATION OF FOREIGN FUNDS
  6. Application for authorisation
  7. Submission of applications and documentation
  8. Offering of listed foreign funds in Ghana
  9. Offer documents and scheme particulars
    PART D: LOCAL REPRESENTATIVE AND CUSTODIAN
  10. Appointment of foreign fund representative
  11. Obligation of foreign fund representative
  12. Termination/replacement of foreign fund representative
  13. Requirement to appoint a local custodian
    PART E: REPORTING
  14. Reporting to the SEC
    PART F: FEES AND CHARGES
  15. Fees
  16. Periodic Review and Adjustment of Fees
  17. Non-Compliance
    PART G: MISCELLANEOUS
  18. Penalties
  19. Others
  20. Definitions

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Lineage: In force

Securities Industry Act, 2016, …2016Securities Industry (Amendment)…2021Securities Industry (ForeignFunds) Guidelines 20262026-09-28 · this document
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Source: Securities and Exchange Commission Ghana — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works

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