Market Guidelines for the Issue of Securities, 2004 🇬🇭

Ghana

Guidelines sec-gis

Market Guidelines for the Issue of Securities, 2004

Issued by Securities and Exchange Commission on 18 May 2004
Commenced on 23 May 2005
[This is the version of this document from 18 May 2004.]

MARKET GUIDANCE FOR THE ISSUE OF SECURITIES

The following guidelines are provided to aid the process of issuing securities to the public. These guidelines will be used in all Initial Public Offers (IPOs) as well as Additional Listings in which case the details will be varied as the case may be.

(1) Offer document submission requirements

(a)Time frameThe circular of 5th December 2002, which was distributed to all Licensed Dealing Members, the Stock Exchange, Investment Advisers and Listed Companies, refers. You are reminded that the circular requires draft prospectuses or documents to be submitted to the Commission at least 6 weeks before the proposed date for the opening of an offer. This does not mean that the Commission will take 6 weeks to process the application in each case. The…

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