Securities and Exchange Commission Regulation, 2003 (as amended) 🇬🇭

Ghana

Amendments

2019-11-21Securities and Exchange Commission (Amendment) Regulations, 2019

Preface

Part I – APPLICATION OF REGULATIONS, QUALIFICATION OF DIRECTORS AND OTHER EXECUTIVE OFFICERS

1. Application

2. General penalty

3. Qualifications of directors and executive officers

4. Chief executive officer

5. Chief executive officer of a broker-dealer or investment adviser

+7 more sections

Part II – LICENCES, CAPITAL REQUIREMENTS AND FEES

13. Representative licences

14. Capital requirements

15. Licence, approval fees, annual fees and deposits

16. Application for approval of a stock exchange

17. Application for a dealer, investment adviser or representative licence

+2 more sections

Part III – REGISTERS OF INTERESTS IN SECURITIES

20. Maintenance of a register of interests

Part IV – FINANCIAL AND COMPLIANCE REQUIREMENTS OF DEALERS AND INVESTMENT ADVISERS

21. Notification of the appointment and removal of an auditor of a dealer

22. Liquidity requirements of broker-dealers and investment advisers

23. Obligation to monitor liquidity

24. Deposits from clients

25. Internal control and compliance

+3 more sections

Part V – REPORTING BY STOCK EXCHANGE, DEALERS AND INVESTMENT ADVISERS

29. Financial year

30. Annual returns to be submitted by the Stock Exchange

31. Submission of quarterly returns by stock exchange

32. Submission of trading day report by stock exchange

33. Reports and returns to be submitted by dealers and investment advisers

+2 more sections

Part VI – APPEALS TO THE COMMISSION

36. Appeal from rejection of an application for membership

37. Appeal from a rejection to list securities

38. Appeal against the delisting of securities

Part VII – ADVERTISEMENTS

39. Applicability

40. General principles

41. Prohibitions

42. Cautionary statements

43. Content of advertisement

+1 more sections

Part VIII – TRANSACTION LEVY

45. Imposition of a transaction levy

46. Collection of the levy

47. Transaction levy account

48. Administration, audit and investment of the transaction levy account

49. Disbursements from the transaction levy account

Part IX – DISCLOSURE OF INFORMATION BY ISSUERS OF SECURITIES

50. Application of the Companies Code, 1963 (Act 179)

51. Invitations to the public

52. Supplementary prospectus or supplementary offer document

53. Power of the Commission to extend, reopen or cancel the offer

54. Annual reports

+9 more sections

Schedule 1

Schedule 2

1. Stock Exchange

2. Broker- Dealer

3. Share Transfer Agent

4. Trustee/Custodian

5. Central Securities Depository/Clearing & Settlement Agency

+6 more sections

Schedule 3

Part A

Part B

Part C

Part D

Schedule 3

Part A

Part B

Schedule 4

Schedule 5

Part 1 – INFORMATION REGARDING THE ISSUER, ITS CAPITAL STRUCTURE, ORGANISATION, BUSINESS, DIRECTORS, SENIOR MANAGEMENT AND EMPLOYEES, MAJOR SHAREHOLDERS AND RELATED PARTIES**

Part II – INFORMATION REGARDING THE ISSUE

Part III – FINANCIAL INFORMATION REGARDING THE ISSUER

Part IV – INFORMATION REGARDING FUTURE PROSPECTS

Part V – ADDITIONAL INFORMATION

Schedule 6

Part I – GENERAL INFORMATION REGARDING THE ISSUER

Part II – INFORMATION REGARDING THE ISSUE

Part III – INFORMATION REGARDING EXPERTS AND ADVISERS TO THE ISSUE

Part IV – FINANCIALINFORMATION REGARDINGTHE ISSUER

Part V – PROSPECTS AND RISK FACTORS

+1 more sections

L.I. 1728

Securities and Exchange Commission Regulation, 2003 (as amended)

Published in Government Gazette on 21 March 2003
Assented to on 7 March 2003
Commenced on 4 June 2003
[This is the version of this document at 12 August 2021.]

[Amended by Securities and Exchange Commission (Amendment) Regulations, 2019 (Legislative Instrument 2397 of 2019) on 21 November 2019]

IN the exercise of the powers conferred on the Minister responsible for Finance by Section 141 of the Securities Industry Law 1993 (P.N.D.C.L. 333) and on the recommendation of the Securities and Exchange Commission, these Regulations are made this 7th day of March, 2003.

Part I – APPLICATION OF REGULATIONS, QUALIFICATION OF DIRECTORS AND OTHER EXECUTIVE OFFICERS

1. Application

These Regulations apply to stock exchanges, investment advisers, dealers including broker-dealers, trustees, share transfer agents, custodians, central securities depositories, providers of securities clearing and settlement services, registrars, underwrite…

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Securities and Exchange Commission Regulation, 2003 (as amended) 🇬🇭

Amendments

Table of Contents

L.I. 1728

Securities and Exchange Commission Regulation, 2003 (as amended)

Part I – APPLICATION OF REGULATIONS, QUALIFICATION OF DIRECTORS AND OTHER EXECUTIVE OFFICERS

1. Application

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