Standards Authority Act, 1973 (N.R.C.D. 173)
Section 12(11)
The Board may revoke a licence granted under this section, for good cause.
(12) A person aggrieved by the revocation may appeal to the Minister not later than twenty-eight days
after the date of the revocation.
(13) The Minister may confirm, reverse or otherwise vary the Board’s decision.
Procedure to Follow
- Where the investor wishes to change any particulars submitted when opening an account, the investor will submit duly signed Securities Account Maintenance CSD Form 2 indicating the desired changes together with a duplicate/photocopy of the original CSD Form 1 and any supporting documents to his DP.
- The DP shall verify the accuracy of information provided by the investor and authenticate the signature before submitting the documents to the CSD.
- The DP shall confirm the change request to the investor by returning a copy of the Securities Account Maintenance Form (CSD Form 2 ) duly signed, stamped and dated.
- The DP shall forward the original and a photocopy of the form to the CSD within 2 business days of receipt.
- CSD shall effect the change and return a copy to the DP within 2 business days of receipt.
- The DP shall keep its copy of the Securities Maintenance Form (CSD Form 2)
- CSD may reject a request for account maintenance submitted by DPs on behalf of their clients if the documents submitted to the CSD are unsatisfactory. CSD will communicate the reason thereof to the DP within 2 business days of receipt.
- The CSD reserves the right to suspend or close a Securities Account upon receipt of written instructions to do so together with the supporting documents from an investor through a DP. DPs shall not have the power to close clients’ securities accounts.
- The Securities in the suspended Securities Account will no longer be available for subsequent transactions until the suspension is released.
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Responsible Institution
Near Gulf Hse. Okponglo Accra
- Email: gsanep@gsa.gov.gh
- Website: www.gsa.gov.gh
- GPS: GA-288-5605
- Telephone: (+233-302) 506991-5 / 500065/6
Relevant Forms to Download
Not Available
Online System
Link Unavailable
Fees/ charges
Not Avaiable
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