Securities Industry Act, 2016 (ACT 929)
Section 106: The Commission shall cancel the licence of a scheme on the termination of the scheme in accordance with the law. Section 107: (1) A person shall not operate any form of collective investment scheme unless the person is licensed by the Commission.(2) A person other than a mutual fund or a unit trust approved by the Commission shall not describe itself, or use the words "mutual fund" or "unit trust" as part of its name.(3) A person who contravenes this section is liable to pay to the Commission an administrative penalty of four thousand five hundred penalty units. Section 109: (1) A person shall not carry on business as a securities exchange, hedge fund, private equity fund, venture capital fund, nominee, credit rating agency, broker-dealer, primary dealer, investment adviser, fund manager, trustee, custodian, securities depository, clearing and settlement services, registrar, underwriter, issuing house or as any other operator required to hold a licence as the Minister by notice in the Gazette may prescribe, or pose as carrying on the business unless that person holds a valid licence issued under this Act.(2) A person shall not act as a representative for a person referred to in subsection (1) unless that person is the holder of a relevant representative's licence issued under this Act.(3) A person desirous of performing the functions of a market maker in the securities industry shall obtain a licence from the Commission and shall comply with the rules or guidelines issued by the Commission.
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
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