SECURITIES INDUSTRY LAW, 1993 (PNDCL 333)
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    • Section 1 - Establishment Of The Commission Section 2 - Composition Of The Commission Section 3 - Terms Of Membership Section 4 - Meetings Of The Commission Section 5 - Appointment Of Director General And Other Staff Of Commission Section 6 - Funds Of Commission Section 6 - (A) Imposition Of Transaction Levy Section 7 - Accounts And Audit Section 7 - (A) Annual Report And Other Reports Section 8 - Allowance For Members Of Commission Section 8 - (A) Committees Of The Commission Section 8 - (B) Establishment Of Administrative Hearings Committee Section 8 - (C) Submission Of Complaint And Examination Of Issues Section 8 - (D) Representation Before Hearings Committee Section 8 - (E) Proceedings Of The Hearings Committee Section 8 - (F) Decisions Of Hearings Committee Subject To Approval Of The Commission Section 8 - (G) Appeals From Decision Of Hearings Committee Section 9 - General Functions Of The Commission Section 10 - Power Of Commission To Require Production Of Books By A Stock Exchange And Certain Persons Section 11 - Action On Production Of The Books Or When Books Are Not Produced Section 12 - Order By Magistrate To Search Premises Section 13 - Incriminating Statement Section 14 - Penalties Section 15 - Copies Or Extracts Of Books To Be Admitted In Evidence Section 16 - Savings For Lawyers Section 17 - Secrecy Of Information From Books Section 18 - Disclosure To The Commission Section 19 - Where Commission Suspects Breach Of Specified Provisions Section 20 - Investigation Of Certain Matters Section 21 - Inspection By Commission Section 22 - Power Of Court To Make Certain Orders Section 23 - Statements Of Principle Section 24 - Establishment Etc., Of Stock Markets Section 25 - Power Of Commission To Approve A Stock Exchange Section 26 - Commission To Approve Amendments To Rules Section 27 - Stock Exchange To Provide Assistance To The Commission Section 28 - Disciplinary Power Of The Commission Section 29 - Power Of Court To Order Observance Or Enforcement Of Rules Of A Stock Exchange Section 30 - Power To Issue Directions To A Stock Exchange Section 31 - Power Of Commission To Prohibit Trading In Particular Securities Section 32 - Prohibition To Operate Unit Trust Without Licence Section 32 - (A) Manager And Trustee Section 32 - (B) Trust Deed Section 33 - Application For Licence To Operate A Unit Trust Section 33 - (A) Licence To Operate A Unit Trust Section 33 - (B) Prohibition Of Activities In Unlicensed Unit Trust Section 34 - Interest Of Investors In Unit Trust And Pricing Of Unit Section 34 - (A) Scheme Particulars Section 34 - (B) Redemption Of Units Section 35 - Duties And Powers Of A Manager Of A Unit Trust Section 35 - (A) Duties And Powers Of Trustee Section 35 - (B) Prohibited Transactions By Manager Section 36 - Prohibition Of Operation Of Mutual Fund Without Licence. Section 36 - (A) Appointment Of A Manager And Custodian Section 36 - (B) Application For A Mutual Fund Licence Section 37 - Licence For Operation Of Mutual Fund Section 37 - (A) Interest Of An Investor In A Mutual Fund Section 37 - (B) Exemption From Specific Provisions Of The Companies Code Section 37 - (C) Regulations Of A Mutual Fund Section 38 - Directions By Directors Of A Mutual Fund Section 38 - (A) Custodian Of Mutual Fund And Its Duties Section 38 - (B) Duties Of Directors Of Mutual Fund Section 38 - (C) Duties Of A Manager Of A Mutual Fund Company Section 39 - Spread Of Investments Section 39 - (A) Unlisted Securities Section 39 - (B) Government Securities Section 39 - (C) Futures And Commodities Section 40 - Investment In Other Schemes Section 40 - (A) Restriction On Real Estate Investment Section 40 - (B) Amendment Of Limits Of Spread Of Investment Section 40 - (C) Unit Trust And Mutual Fund Company Annual Fee For Licence Section 40 - (D) Inconsistency With This Law And Regulations Made Under It Section 41 - Changes In Unit Trust And Mutual Fund Section 41 - (A) Change And Retirement Of Trustee Or Custodian Section 41 - (B) Change Of Manager Of Unit Trusts And Mutual Funds Section 41 - (C) Retirement Of Manager Section 42 - Liability Of Manager, Director Trustee And Custodian Section 42 - (A) Prohibited Transactions Under Mutual Fund Section 42 - (B) Limitation On Securities In Which Officers Have Interest Section 42 - (C) Limitation On Nil-Aid Or Partly Paid Securities Section 43 - Unlimited Liability Section 43 - (A) Register Of Investors Section 43 - (B) Commission To Keep Register Of Unit Trust And Mutual Fund Section 43 - (C) Court May Rectify Section 44 - Court May Order Appointment Of Temporary Manager Of A Scheme Section 44 - (A) Termination Of Scheme In Accordance With Constitution Of The Scheme Section 44 - (B) Scheme Manager May Terminate Scheme Section 45 - Court May Terminate Scheme Section 45 - (A) Winding Up Of A Unit Of Scheme Section 45 - (B) Revocation Of Licence Of A Scheme Section 46 - Suspension Of Licence Of Unit Trusts And Mutual Funds Section 46 - (A) Winding Up Of A Mutual Fund Company Section 46 - (B) Cancellation Of Licence Section 47 - General Penalty Section 47 - (A) Unauthorised Schemes Section 48 - Dealer's Licence Section 49 - Dealer's Representative's Licence Section 50 - Investment Adviser's Licence Section 51 - Investment Representative's Licence Section 52 - Applications For Licence Or Renewal Section 53 - Grant Of Dealer's Licence Or Investment Adviser's Licence Section 54 - Grant Of Representative's Licence Section 55 - False Statements Section 56 - Power Of The Commission To Enquire Into Securities Transactions In Relation To The Holding Of A Licence Section 57 - Power Of Commission To Impose Conditions Or Restrictions Section 58 - Deposit To Be Lodged In Respect Of Dealer's Licence Section 59 - Period Of Licence Section 60 - Notification Of Change Of Particulars Section 61 - Register Of Licence Holders Section 62 - Revocation Or Suspension Of Licences Section 63 - Operation Pending Renewal Etc. Of Licence Section 66 - Application Of This Part Section 67 - Register Of Securities Section 68 - Notice Of Particulars To Commission Section 69 - Defence To Prosecution Section 70 - Production Of Register Section 71 - Particulars Of Financial Journalists Section 72 - Extract Of Register Section 73 - Certain Representations Prohibited Section 74 - Issue Of Contract Notes Section 75 - Certain Persons To Disclose Certain Interests In Securities Section 76 - Recommendations By Adviser Section 77 - Dealings As Principal Section 78 - Dealings By Employees Of Holders Of Licences Section 79 - Dealer To Give Priority To Client's Orders Section 80 - Use By Dealer Of Client's Money Section 81 - Right To Vest Securities Through Sale Section 82 - Application Of This Part Section 83 - Accounts To Be Kept By Dealers Section 84 - Security Documents In Custody Of Dealer Section 85 - Dealer's Trust Account Section 86 - Purposes For Which Money May Be Withdrawn From A Trust Account Section 87 - Appointment And Qualification Of Auditor Section 88 - Removal And Registration Of Auditors Section 89 - Fees And Expenses Of Auditor Section 91 - Auditor To Report To Commission In Certain Cases Etc Section 92 - Certain Matters To Be Reported To Commission Section 93 - Defamation Section 94 - Right Of Stock Exchange To Impose Obligation, Etc., On Members Not Affected By This Part Section 95 - Power Of Court To Restrain Dealings With Dealer's Bank Section 96 - Duty Of Banker To Make Full Disclosure Section 97 - Power Of Court To Make Further Orders And Give Directions Section 98 - Power Of Court To Make Order Relating To Payment Of Moneys Section 99 - Establishment Of Fidelity Funds Section 100 - Moneys Constituting Fidelity Fund Section 101 - Fund To Be Kept In Separate Bank Account Section 102 - Payments Out Of Fidelity Fund Section 103 - Accounts Of Fund Section 104 - Management Committee Section 105 - Fidelity Fund To Consist Of An Amount Of 5 Million Cedis Section 106 - Provisions If Fund Is Reduced Below 5 Million Cedis Section 107 - Levy Of Liabilities Section 108 - Power Of Stock Exchange To Make Advances To Fund Section 109 - Investment Of Fund Section 110 - Application Of Fund Section 111 - Claims Against Fund Section 112 - Notice Calling For Claims Against Fund Section 113 - Power Of Council To Settle Claims Section 114 - Orders Of Court On Establishment Of Claim Section 115 - Power Of Council To Require Production Of Securities, Etc Section 116 - Entitlement Of Stock Exchange To Rights, Etc., Of Claimant Upon Payment From Fund Section 117 - Payment Of Claims Only From Fund Section 118 - Provision Where Fund In-sufficient To Meet Claims Or Where Claims Exceed Total Amount Payable Section 119 - Power Of Council To Enter Into Contracts Of Insurance Section 120 - Application Of Insurance Moneys Section 121 - Interpretation Of This Part Section 122 - False Trading And Market Rigging Transactions Section 123 - Stock Market Manipulation Section 124 - False Or Misleading Statements, Etc Section 125 - Fraudulently Inducing Persons To Deal In Securities Section 126 - Dissemination Of Information About Illegal Transactions Section 127 - Employment Of Manipulative And Deceptive Devices Section 128 - Prohibition Of Dealings In Securities By Insiders Section 129 - Penalties Section 130 - Convicted Persons Liable To Pay Compensation Section 131 - Restriction On Use Of Title "Stock Broker" Or Stock Exchange" Section 132 - Offences By Directors Or Managers, Etc Section 133 - Falsification Records By Directors, Employees And Agents Section 134 - False Reports To Commission Or Stock Exchange Section 135 - Immunity Of Commission And Its Employees, Etc Section 136 - Offences By Body Corporate Section 137 - Power Of Court To Prohibit Payment Or Transfer Of Money, Securities Or Other Property Section 138 - General Penalty Section 139 - Proceedings, By Whom To Be Taken And Power To Compound Offences Section 140 - Power Of Secretary To Give Directions To Commission Section 141 - Regulations Section 142 - Interpretation Section 143 - Associated Person Section 144 - Interest In Securities Section 146 - Repeals Section 147 - Savings Section 148 - Interim Powers Of The Governor Of The Bank Of Ghana Section 149 - Modification Of Application Of Subsections 122, 123 And 128 To Stock Market Outside Ghana
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    Section 1 - Establishment Of The Commission Section 2 - Composition Of The Commission Section 3 - Terms Of Membership Section 4 - Meetings Of The Commission Section 5 - Appointment Of Director General And Other Staff Of Commission Section 6 - Funds Of Commission Section 6 - (A) Imposition Of Transaction Levy Section 7 - Accounts And Audit Section 7 - (A) Annual Report And Other Reports Section 8 - Allowance For Members Of Commission Section 8 - (A) Committees Of The Commission Section 8 - (B) Establishment Of Administrative Hearings Committee Section 8 - (C) Submission Of Complaint And Examination Of Issues Section 8 - (D) Representation Before Hearings Committee Section 8 - (E) Proceedings Of The Hearings Committee Section 8 - (F) Decisions Of Hearings Committee Subject To Approval Of The Commission Section 8 - (G) Appeals From Decision Of Hearings Committee Section 9 - General Functions Of The Commission Section 10 - Power Of Commission To Require Production Of Books By A Stock Exchange And Certain Persons Section 11 - Action On Production Of The Books Or When Books Are Not Produced Section 12 - Order By Magistrate To Search Premises Section 13 - Incriminating Statement Section 14 - Penalties Section 15 - Copies Or Extracts Of Books To Be Admitted In Evidence Section 16 - Savings For Lawyers Section 17 - Secrecy Of Information From Books Section 18 - Disclosure To The Commission Section 19 - Where Commission Suspects Breach Of Specified Provisions Section 20 - Investigation Of Certain Matters Section 21 - Inspection By Commission Section 22 - Power Of Court To Make Certain Orders Section 23 - Statements Of Principle Section 24 - Establishment Etc., Of Stock Markets Section 25 - Power Of Commission To Approve A Stock Exchange Section 26 - Commission To Approve Amendments To Rules Section 27 - Stock Exchange To Provide Assistance To The Commission Section 28 - Disciplinary Power Of The Commission Section 29 - Power Of Court To Order Observance Or Enforcement Of Rules Of A Stock Exchange Section 30 - Power To Issue Directions To A Stock Exchange Section 31 - Power Of Commission To Prohibit Trading In Particular Securities Section 32 - Prohibition To Operate Unit Trust Without Licence Section 32 - (A) Manager And Trustee Section 32 - (B) Trust Deed Section 33 - Application For Licence To Operate A Unit Trust Section 33 - (A) Licence To Operate A Unit Trust Section 33 - (B) Prohibition Of Activities In Unlicensed Unit Trust Section 34 - Interest Of Investors In Unit Trust And Pricing Of Unit Section 34 - (A) Scheme Particulars Section 34 - (B) Redemption Of Units Section 35 - Duties And Powers Of A Manager Of A Unit Trust Section 35 - (A) Duties And Powers Of Trustee Section 35 - (B) Prohibited Transactions By Manager Section 36 - Prohibition Of Operation Of Mutual Fund Without Licence. Section 36 - (A) Appointment Of A Manager And Custodian Section 36 - (B) Application For A Mutual Fund Licence Section 37 - Licence For Operation Of Mutual Fund Section 37 - (A) Interest Of An Investor In A Mutual Fund Section 37 - (B) Exemption From Specific Provisions Of The Companies Code Section 37 - (C) Regulations Of A Mutual Fund Section 38 - Directions By Directors Of A Mutual Fund Section 38 - (A) Custodian Of Mutual Fund And Its Duties Section 38 - (B) Duties Of Directors Of Mutual Fund Section 38 - (C) Duties Of A Manager Of A Mutual Fund Company Section 39 - Spread Of Investments Section 39 - (A) Unlisted Securities Section 39 - (B) Government Securities Section 39 - (C) Futures And Commodities Section 40 - Investment In Other Schemes Section 40 - (A) Restriction On Real Estate Investment Section 40 - (B) Amendment Of Limits Of Spread Of Investment Section 40 - (C) Unit Trust And Mutual Fund Company Annual Fee For Licence Section 40 - (D) Inconsistency With This Law And Regulations Made Under It Section 41 - Changes In Unit Trust And Mutual Fund Section 41 - (A) Change And Retirement Of Trustee Or Custodian Section 41 - (B) Change Of Manager Of Unit Trusts And Mutual Funds Section 41 - (C) Retirement Of Manager Section 42 - Liability Of Manager, Director Trustee And Custodian Section 42 - (A) Prohibited Transactions Under Mutual Fund Section 42 - (B) Limitation On Securities In Which Officers Have Interest Section 42 - (C) Limitation On Nil-Aid Or Partly Paid Securities Section 43 - Unlimited Liability Section 43 - (A) Register Of Investors Section 43 - (B) Commission To Keep Register Of Unit Trust And Mutual Fund Section 43 - (C) Court May Rectify Section 44 - Court May Order Appointment Of Temporary Manager Of A Scheme Section 44 - (A) Termination Of Scheme In Accordance With Constitution Of The Scheme Section 44 - (B) Scheme Manager May Terminate Scheme Section 45 - Court May Terminate Scheme Section 45 - (A) Winding Up Of A Unit Of Scheme Section 45 - (B) Revocation Of Licence Of A Scheme Section 46 - Suspension Of Licence Of Unit Trusts And Mutual Funds Section 46 - (A) Winding Up Of A Mutual Fund Company Section 46 - (B) Cancellation Of Licence Section 47 - General Penalty Section 47 - (A) Unauthorised Schemes Section 48 - Dealer's Licence Section 49 - Dealer's Representative's Licence Section 50 - Investment Adviser's Licence Section 51 - Investment Representative's Licence Section 52 - Applications For Licence Or Renewal Section 53 - Grant Of Dealer's Licence Or Investment Adviser's Licence Section 54 - Grant Of Representative's Licence Section 55 - False Statements Section 56 - Power Of The Commission To Enquire Into Securities Transactions In Relation To The Holding Of A Licence Section 57 - Power Of Commission To Impose Conditions Or Restrictions Section 58 - Deposit To Be Lodged In Respect Of Dealer's Licence Section 59 - Period Of Licence Section 60 - Notification Of Change Of Particulars Section 61 - Register Of Licence Holders Section 62 - Revocation Or Suspension Of Licences Section 63 - Operation Pending Renewal Etc. Of Licence Section 66 - Application Of This Part Section 67 - Register Of Securities Section 68 - Notice Of Particulars To Commission Section 69 - Defence To Prosecution Section 70 - Production Of Register Section 71 - Particulars Of Financial Journalists Section 72 - Extract Of Register Section 73 - Certain Representations Prohibited Section 74 - Issue Of Contract Notes Section 75 - Certain Persons To Disclose Certain Interests In Securities Section 76 - Recommendations By Adviser Section 77 - Dealings As Principal Section 78 - Dealings By Employees Of Holders Of Licences Section 79 - Dealer To Give Priority To Client's Orders Section 80 - Use By Dealer Of Client's Money Section 81 - Right To Vest Securities Through Sale Section 82 - Application Of This Part Section 83 - Accounts To Be Kept By Dealers Section 84 - Security Documents In Custody Of Dealer Section 85 - Dealer's Trust Account Section 86 - Purposes For Which Money May Be Withdrawn From A Trust Account Section 87 - Appointment And Qualification Of Auditor Section 88 - Removal And Registration Of Auditors Section 89 - Fees And Expenses Of Auditor Section 91 - Auditor To Report To Commission In Certain Cases Etc Section 92 - Certain Matters To Be Reported To Commission Section 93 - Defamation Section 94 - Right Of Stock Exchange To Impose Obligation, Etc., On Members Not Affected By This Part Section 95 - Power Of Court To Restrain Dealings With Dealer's Bank Section 96 - Duty Of Banker To Make Full Disclosure Section 97 - Power Of Court To Make Further Orders And Give Directions Section 98 - Power Of Court To Make Order Relating To Payment Of Moneys Section 99 - Establishment Of Fidelity Funds Section 100 - Moneys Constituting Fidelity Fund Section 101 - Fund To Be Kept In Separate Bank Account Section 102 - Payments Out Of Fidelity Fund Section 103 - Accounts Of Fund Section 104 - Management Committee Section 105 - Fidelity Fund To Consist Of An Amount Of 5 Million Cedis Section 106 - Provisions If Fund Is Reduced Below 5 Million Cedis Section 107 - Levy Of Liabilities Section 108 - Power Of Stock Exchange To Make Advances To Fund Section 109 - Investment Of Fund Section 110 - Application Of Fund Section 111 - Claims Against Fund Section 112 - Notice Calling For Claims Against Fund Section 113 - Power Of Council To Settle Claims Section 114 - Orders Of Court On Establishment Of Claim Section 115 - Power Of Council To Require Production Of Securities, Etc Section 116 - Entitlement Of Stock Exchange To Rights, Etc., Of Claimant Upon Payment From Fund Section 117 - Payment Of Claims Only From Fund Section 118 - Provision Where Fund In-sufficient To Meet Claims Or Where Claims Exceed Total Amount Payable Section 119 - Power Of Council To Enter Into Contracts Of Insurance Section 120 - Application Of Insurance Moneys Section 121 - Interpretation Of This Part Section 122 - False Trading And Market Rigging Transactions Section 123 - Stock Market Manipulation Section 124 - False Or Misleading Statements, Etc Section 125 - Fraudulently Inducing Persons To Deal In Securities Section 126 - Dissemination Of Information About Illegal Transactions Section 127 - Employment Of Manipulative And Deceptive Devices Section 128 - Prohibition Of Dealings In Securities By Insiders Section 129 - Penalties Section 130 - Convicted Persons Liable To Pay Compensation Section 131 - Restriction On Use Of Title "Stock Broker" Or Stock Exchange" Section 132 - Offences By Directors Or Managers, Etc Section 133 - Falsification Records By Directors, Employees And Agents Section 134 - False Reports To Commission Or Stock Exchange Section 135 - Immunity Of Commission And Its Employees, Etc Section 136 - Offences By Body Corporate Section 137 - Power Of Court To Prohibit Payment Or Transfer Of Money, Securities Or Other Property Section 138 - General Penalty Section 139 - Proceedings, By Whom To Be Taken And Power To Compound Offences Section 140 - Power Of Secretary To Give Directions To Commission Section 141 - Regulations Section 142 - Interpretation Section 143 - Associated Person Section 144 - Interest In Securities Section 146 - Repeals Section 147 - Savings Section 148 - Interim Powers Of The Governor Of The Bank Of Ghana Section 149 - Modification Of Application Of Subsections 122, 123 And 128 To Stock Market Outside Ghana