regulations
Regulatory Oversight of FMIs in Ghana
- Establishment and functions of the CSD
- Admittance of dematerialized securities
- Maintenance of securities accounts and transaction records
- Rules on securities transactions and entries
- Security, secrecy, and investigation provisions
- Establishment of a Guarantee Fund to cover risks
Overview
In Ghana, the regulatory framework for FMIs, especially for the Central Securities Depository (CSD), is provided under the Central Securities Depository Act, 2007 (Act 733).
This act outlines the functions and responsibilities of the CSD, including provisions for:
The Central Securities Depository (CSD) is regulated by the Securities and Exchange Commission (SEC) under the Central Securities Depository Act 2007, Act 733. The Securities and Exchange Commission (SEC) regulates the day-to-day operations of the CSD. The CSD operates according to its Rules and Procedures, which the SEC approves. These rules cover various aspects of the CSD’s operations, such as admission procedures, securities transfers, and the management of risks associated with safekeeping securities.
