Securities Industry Act, 2016 (ACT 929)
Section 63: (1) The Commission may license a unit trust if the Commission is satisfied that (a) the manager and trustee are qualified to act in that capacity; (b) the manager is a company incorporated in the Republic; (c) the trustee is a bank, an insurance company or a financial institution or a wholly owned subsidiary of any of them approved by the Commission; (d) the trustee has the minimum paid up capital required by the Commission; (e) the business of the manager in relation to the unit trust is administered independently of the trustee; and (f) the trust deed complies with this Act and the Regulations.(2) The Commission shall within ninety days of receipt of an application for a licence communicate its decision on the application in writing to the applicant. (3) A licence granted under subsection (1) is subject to the conditions specified in the licence or in relation to the licence. (4) The Commission shall not refuse to grant or renew a licence without first giving the applicant or the holder of the licence an opportunity of being heard.
Subject : Trust DeedProcedure to Follow
Not Avaiable
Responsible Institution
Securities and Exchange Commission
No. 30, 3rd Circular Road, Cantonments, Accra.
- Email: info@sec.gov.gh
- Website: https://sec.gov.gh/
- GPS: GL-076-6028
- Telephone: 0302768970
Relevant Forms to Download
Not Available
Online System
Fees/ charges
Not Avaiable
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