Guidelines for Investments in Foreign Jurisdictions by Managers of Collective Investment Schemes (CIS), 2013 🇬🇭

Ghana

Circular Number: sec-cir-oo1-11-13

Guidelines for Investments in Foreign Jurisdictions by Managers of Collective Investment Schemes (CIS), 2013

Issued by Securities and Exchange Commission on 1 November 2013
Commenced on 1 November 2013
[This is the version of this document from 1 November 2013.]

This Guidance Note is issued pursuant to the Securities Industry Act 1993 (PNDCL 333) as amended by Act 590 s.9 (d) which empowers the Securities and Exchange Commission to formulate principles for the guidance of the Securities Industry.

1. Preamble

The increasing number of foreign investments undertaken by the licensed collective investment schemes (CIS) has necessitated the need for guidelines aimed at streamlining foreign investment activities in order to protect investors and to maintain an efficient, fair and transparent funds management market.

1. Procedure

a.The Manager shall:

I.make adequate disclosure (including risks associated with the investments) of its intentions in the scheme particular…

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