The Security and Exchange Commission (SEC) Ghana has moved from signatory B status to signatory A status in its membership in the International Organisation of Securities Commissions (IOSCO).
This projects the regulatory framework within the securities industry in Ghana as compliant with the international benchmarks set out in the MMoU.
In line with the above, Rev. Daniel Ogbarmey Tetteh, Director General of the SEC has signed the IOSCO MMoU at a signing ceremony for new signatories during the Presidents Committee Meeting at the IOSCO Annual Meeting held in Marrakech, Morocco.
As a signatory to the IOSCO MMoU, SEC Ghana will benefit from international collaboration to deepen Ghana’s securities market, combat cross-border fraud, strengthen cooperation towards the enforcement of domestic and international rules and benchmarks.
It will also help combat new and emerging risks associated with the development of new products with a view to achieving IOSCO’s core objectives of protecting investors, ensuring fair, efficient and transparent markets and reducing systemic risk in the securities industry.
Source:Kwabena Nyarko Abronoma
