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  • Licensing of Investment Advisors

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    Kwadwo Asase
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    The document lists 12 documents required by the SEC for granting an Investment Advisor's license and Broker-Dealer license in Ghana. These include certified copies of company regulations and certificates of incorporation, a completed application form, details on organizational structure and paid-up capital, audited financial statements or statement of affairs, CVs and notes of directors, proof of licensing fee payment, a tax clearance certificate, and Investment Advisor or Dealer's Representative Licenses for the CEO and at least one staff member who has completed an approved securities course. The requirements are the same for a Broker-Dealer license except for a lower licensing deposit fee of GH¢500.

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    The document lists 12 documents required by the SEC for granting an Investment Advisor's license and Broker-Dealer license in Ghana. These include certified copies of company regulations and certificates of incorporation, a completed application form, details on organizational structure and paid-up capital, audited financial statements or statement of affairs, CVs and notes of directors, proof of licensing fee payment, a tax clearance certificate, and Investment Advisor or Dealer's Representative Licenses for the CEO and at least one staff member who has completed an approved securities course. The requirements are the same for a Broker-Dealer license except for a lower licensing deposit fee of GH¢500.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
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    19 views1 page

    Licensing of Investment Advisors

    Uploaded by

    Kwadwo Asase
    The document lists 12 documents required by the SEC for granting an Investment Advisor's license and Broker-Dealer license in Ghana. These include certified copies of company regulations and certificates of incorporation, a completed application form, details on organizational structure and paid-up capital, audited financial statements or statement of affairs, CVs and notes of directors, proof of licensing fee payment, a tax clearance certificate, and Investment Advisor or Dealer's Representative Licenses for the CEO and at least one staff member who has completed an approved securities course. The requirements are the same for a Broker-Dealer license except for a lower licensing deposit fee of GH¢500.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pdf or txt
    of 1

    List of documents required by SEC for granting of Investment Advisors license & Broker-Dealer licence.

    1. Certified copy of Regulations of the company or Partnership Agreement of the partnership. 2. Certified copy of Certificate of Incorporation/Registration. 3. Complete and File application Form [SEC B (ii)] to operate Investment Advisory business (Regulation 17, schedule 3 of L.I 1728) 4. Organizational Structure. 5. Certified copy of Certificate to commence business. 6. Business Plan. 7. Maintain a minimum paid-up capital of GH 100,000 (for each licence). 8. Certified copy of Audited balance sheet and Accounts for the past three years OR Statement of Affairs (if yet to commence business). 9. Directors Personal Notes and Curriculum Vitae of at least three (3) directors. 10. Receipt in proof of payment of licensing fee [GH 1000 ( 10 million)]. 11. Tax Clearance certificate with regard to the last period of assessment. 12. Investment Advisors (or Dealers) Representative License for the CEO and at least one (1) staff [GH 400 ( 4 million) each]. The representative must have completed the securities course organized by the Ghana Stock Exchange or any course approved by the Commission.

    The requirements are the same for Broker-Dealer licence except for the payment of GH500 as deposit (L.I 1728 Regulation 15. 3)

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