Print Options

(1) A central securities depository may appoint participants comprising the following in writing:

(a) a licensed dealing member of a stock exchange,

(b) a registrar, custodian, stockbroker, or a person licensed by the Commission as a dealer in securities,

(c) a unit trust scheme or mutual fund licensed by the Commission,

(d) a person licensed by the Bank of Ghana as a bank under the Banking Act 2004, (Act 673) or as a Non-Bank financial institution under the Financial Institutions (Non-Banking) Law 1993 (P.N.D.C.L. 328);

(e) an institutional investor, or

(f) a body corporate of a type prescribed by the Commission

(2) A person shall not act as participant of a depository unless the person is duly appointed by the relevant depository

(3) A central securities depository participant shall

    (a) perform functions approved for the depository under the Central securities depository rules, and
   

    (b) produce or make available to the depository or to the Commission when required, any information or document relating to a          securities account