IGS Makes Recommendations To SEC
December 25, 2017
IGS has recommended to the Securities and Exchange Commission of Ghana of the need to impose restrictions in respect of the activities of market operators and their related parties. In the communiqué sent to the regulator, the leadership of IGS also recommended that adequate disclosures of such activities should be required by SEC in accordance with International Financial Reporting Standards.
These recommendations became necessary when it was revealed by SEC that some licensed operators have as high as over 90% of their funds under management with their related companies. Our recommendation has been duly accepted and when eventually implemented, it would ensure that investors are well informed and well protected in the management of their funds.