Enforcement & Compliance Department
The Department is responsible for ensuring compliance with regulations by operators and imposing sanctions where infractions are established. The department analyses unresolved complaints and recommends appropriate actions to Management with the ultimate aim of protecting investors.
The Department comprises three divisions:
- Administrative Proceedings
- Enforcement
- Compliance
Administrative Proceedings Division
Functions
- Serves as secretariat for the Commission’s Administrative Proceedings Committee …Read more - Administrative Proceedings Procedure
- Reviews violations of securities laws, rules and regulations pursuant to the Investments and Securities Act (ISA) 2007 and recommends appropriate sanctions to the Committee
Enforcement Division
Functions
- Addresses unresolved cases referred from operational Departments
- Refers criminal violations to law enforcement agencies for further investigation
- Initiates Enforcement actions against erring Capital Market Operators…read more on Enforcement Actions
Compliance Division
Functions
- Monitors and ensures compliance by any operator/company or individuals sanctioned, directed to do or to refrain from doing an act by the Commission.
- On-site inspection of offices and books of operators.
- Information sharing with respect to compliance issues.
- Liaises with other operational Departments to ensure that registered operators comply with the filing of statutory returns/reports with the Commission.
