Financial Sector Cleanup: SEC Asks Affected Persons to Submit Claims for Payment

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Financial Sector Cleanup: SEC Asks Affected Persons to Submit Claims for Payment
Financial Sector Cleanup: SEC Asks Affected Persons to Submit Claims for Payment

Africa-Press – Ghana. The Securities and Exchange Commission (SEC) has asked all customers of Fund Management Companies (FMCs) affected by the revocation of licenses exercised in November 2019 to submit their claims for review and payment.

The SEC said in a press release that the deadline for submission of claims for validation is Tuesday, 9th July, 2024.

According to SEC, “To be eligible for the voluntary bailout package offered by Government, affected customers must have validated claims and must have accepted the government’s sponsored bailout package.

The SEC “urged all eligible customers to submit their claims before the deadline to ensure that they receive the financial support they are entitled to.”

“For further information and assistance with the claims submission process, please contact the sole SEC-appointed agent, PricewaterhouseCoopers (Ghana) LTD (“PwC”), via email at [email protected] or by phone at +233 (0) 242 439 453.”

“The SEC remains committed to protecting the interests of investors and ensuring the stability and integrity of the Ghanaian capital market. This Notice is issued pursuant to sections 3(i)(m) and 208(c) of the Securities Industry Act, 2016 (Act 929) as amended,” the press release further stated.

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