Directive to Fund Managers on Guaranteed Returns, 2018 🇬🇭

Ghana

Directive sec-dir-002-12-2018

Directive to Fund Managers on Guaranteed Returns, 2018

Issued by Securities and Exchange Commission on 31 December 2018
Commenced on 1 January 2019
[This is the version of this document from 31 December 2018.]

The Securities and Exchange Commission hereby issues this Directive pursuant to Sections 3 and 209 of the Securities Industry Act, 2016 (Act 929) to all capital market operators operating as Fund Managers.Reference is made to the following Directives and Circulars:1. Part X, paragraph 13 of the Compliance Manual for Broker-Dealers, Investment Advisers and Representatives 20082. Paragraph 2.1.2 of Circular No. SEC/CIR/001/20143. Circular No. SEC/CIR/002/03/154. Directive SEC/FM/DIRECTIVE/06-18 dated 18th June, 20185. Directive SEC/FM/DIRECTIVE/06-18 dated 29th June, 2018Please take notice that the Moratorium for Directive with No. SEC/FM/DIRECTIVE/06/18 expires today the 31st day of December, 2018.Affected market operators are hereby reminded of complianc…

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