06 Jun 2022

CIRCULAR TO ALL MARKET OPERATORS REGARDING REVENUE COLLECTIONS ACCOUNT

The Securities and Exchange Commission (hereinafter referred to as “SEC”) is the statutory body mandated by the Securities Industry Act, 2016 (Act 929) as amended (hereinafter referred to as “the Act”), to promote the orderly growth and development of an efficient, fair and transparent securities market in which investors and the integrity of the market are protected.

Section 15 (1) of Act 929 imposes a levy on a person issued with a market operator’s license under Section 109. In accordance with the provisions of the Public Financial Management Act, 2016 (ACT 921), the Securities and Exchange Commission has opened a Revenue Collections Account with the Consolidated Bank Ghana, and hereby directs that effective 15TH June 2022, all market levies, license fees & renewals, penalties, and all other payments due it, should be made directly into the Commission’s Revenue Collections Account with the details below:

BANK NAME : Consolidated Bank Ghana Limited.
ACCOUNT NAME : SEC Revenue Collection Account
ACCOUNT NUMBER : 1774358120001
BRANCH : Manet Tower 3

When making payments, kindly quote your company’s license number excluding the year as your reference number. An example is, if your license number is SEC/CM0/014/2022, quote SE/CM0/014 as your reference. Your reference number would be used to identify your payment transaction.
This Public Notice is issued pursuant to Sections 3 and 208(c) of the Securities Industry Act, 2016 (Act 929).
Any requests for clarification on this Public Notice should be made through our toll-free line 0800100065 or main lines: 0302768970-2 for any clarification you may need.

Please click here to download the circular.

ISSUED BY ORDER OF THE
SECURITIES AND EXCHANGE COMMISSION (SEC)
DATED: DATED: 6th JUNE , 2022

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