SEC reintroduces compliance forum for stakeholders


Economic news for Tuesday, July 20, 2021



SEC Chief Executive Officer Reverend Daniel Ogbarmey Tetteh

The Securities and Exchange Commission (SEC) has reintroduced the Compliance Forum for its respective stakeholders, with the first edition held for members of the Ghana Securities Industry Association (GSIA).

The forum aimed to clarify compliance issues and give market operators a better idea of ​​the SEC’s expectations of them.

It also sought to highlight the various regulatory frameworks of the SEC guiding the activities of market operators.

Speaking at the forum, SEC Managing Director (CEO) Rev. Daniel Ogbarmey Tetteh stressed the need for market operators to ensure compliance in the conduct of their business in order to avoid sanctions and penalties. obvious.

He noted that regulated companies were involved in compliance and therefore there was a need for the regulator to provide clarification on compliance for its regulated entities.

Commenting on the various guidelines and regulatory frameworks introduced by the SEC, he urged market operators to be mindful of issues relating to corporate governance.

He also noted that the compliance forum would allow all market operators to get a better idea of ​​the SEC’s expectations and compliance with its regulations.

He encouraged market operators to build good relationships with their customers by executing their orders, providing timely information with full disclosures and ensuring diligent use of invested funds.

He concluded by indicating the SEC’s commitment to engage stakeholders in creating a regulatory environment for businesses to thrive within its mandate to regulate, innovate and promote growth and development. an efficient, fair and transparent securities market in which investors and the integrity of the market are protected.

The GSIA Compliance Forum was held virtually with participants from the GSIA.

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