In these Regulations unless the context otherwise requires, expressions defined in the Law and the Companies Code 1963 (Act 179) shall have the same meaning and

“associated person” means a person associated with another person in accordance with section 143 of the Law;

“affiliate” means a reference to a person who directly or indirectly either controls, is controlled by or is under common control with the specified person or entity in the context of a specified person or entity;

“beneficial owner” means a person who even if not the owner on record of the securities has or shares in the underlying benefits of ownership including the power to direct the voting or disposition of the securities or a person who receives the economic benefit of ownership of the securities;

“broker-dealer” means a person who buys and sells Securities on his own account and also acts as an intermediary between a buyer and seller of securities;

“Commission” means the Securities and Exchange Commission established under the Securities Industry Law 1993, (PNDCL 333) its successor and assigns;

“corporate securities” means securities issued by a body corporate formed and registered under the Companies Code1963 (Act 179) or formed outside Ghana but registered as an external company under the Code;

“controlling interest” means an interest which amounts to more than 50% of the issued shares;

“government securities” means any bond, note or other security issued by the central government or the central bank;

“group” means a parent and its subsidiaries and reference to an issuer’s group means the group of which the issuer is a member;

“Institute of Chartered Accountants (Ghana)” means the body established under the Chartered Accountants Act, 1963 (Act 170);

“issuer” means any entity whose securities are being offered or have been offered for sale to the public;

“Law” means the Securities Industry Law 1993 (P.N.D.C.L. 333);

“non-public price sensitive information” means information that is generally not available but if it were might materially affect the price of a security;

“offer document” means a prospectus or offer statement or any other document used in connection with a public offering of securities;

“rights offering” means officering of shares to existing shareholders who hold rights that entitle them to buy newly issued shares at a discount;

“Statutory Body” means any regional or local government authority or special agency or authority of government;

“Subsidiary “has the same meaning as provided in the Companies Code, 1960 (Act 179).