The Securities and Exchange Commission Ghana has issued the Securities Industry (Regulatory Sandbox Licensing) Guidelines 2026, setting out a framework for granting Regulatory Sandbox Licences that allow innovative capital market activities, products, services, business models and related market infrastructure to be tested in a controlled live environment under SEC supervision. The guidelines explicitly replace the Securities Industry (Regulatory Sandbox Licensing) Guidelines 2020. The framework is intended for cases where existing legal or regulatory provisions are absent, inadequate or evolving, and it covers innovations within or relating to the SEC’s mandate, whether technology-enabled or not, including activities conducted wholly or partly in Ghana or those that impact the Ghanaian capital market or investors. The sandbox is described as risk-based, proportionate and technology-neutral, with participation subject to SEC-determined eligibility criteria, testing parameters, safeguards, reporting obligations and supervisory oversight, and the SEC retaining the ability to impose additional requirements or issue supplementary notices, directives or guidance.

Original source View in tracker