Directive To All Capital Market Operators in Ghana On Compliance With The Requirements Of The Data Protection Act, 2012 (Act 843)

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 by the Securities Industry (Amendment) Act, 2021 (Act 1062), (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.
The SEC is further mandated to maintain surveillance over activities in securities to ensure orderly, fair, and equitable dealings in securities and to protect the integrity of the market in accordance with sections 2 and 3 of the Act.

Pursuant to section 209 of the Act; Part Three 12 (8), 12(13), 12(14), Part Six 27 (4), (5) and (6), and 28 of the Securities Industry (Conduct of Business) Guidelines 2020; and the Data Protection Act, 2012 (Act 843), The SEC hereby directs that proof of registration/renewal of registration with the Data Protection Commission will form part of the eligibility criteria for licensing/registration of all market operators.
All Capital Market Operators are hereby directed to register with the Data Protection Commission per the requirements of sections 27(1) and 46(3) of the Data Protection Act, 2012 (Act 843) and comply with the requirements of the same.