[ad_1]
Rev Daniel Ogbarmey Tetteh, Director General of the SEC
The Securities and Exchange Commission (SEC) has said that the processes for the partial rescue for the remaining clients of the affected Fund Management Companies (FMC) whose licenses were revoked have begun, pending the outcome of the liquidation requests.
This is in line with its previous public notice of November 18, 2020 that announced a partial bailout for affected customers.
A statement issued by the Commission in Accra yesterday noted that the partial cash rescue involving a payment of up to GH ¢ 50,000 would cover all clients of the remaining affected fund management companies, including clients of Gold Coast Fund Management Limited ( now Blackshield Fund Management Limited Company).
“In the end, the partial bailout that is offered would result in 89 percent of people and 82 percent of retirees being fully covered. Validated claims that exceed this partial cash payment amount will be covered after the settlement procedure in court, in accordance with the terms that apply in the rescue package for clients of fund management companies currently in business. liquidation process, ”the statement said.
The statement added that a large number of affected clients had been sent SMS messages with the value of their claims validated, and outstanding clients will be covered shortly.
Steps to follow
Interested claimants are expected to follow three simple steps (reduced from six steps) outlined to access the partial cash ransom.
The 10,000+ customers who have already completed step one will be contacted shortly to complete the last two steps to access their payment.
Clients with validated claims greater than GH ¢ 50,000 may also choose to wait for the settlement processes in court to complete to access the full rescue package.
“For the avoidance of doubt, the partial redemption of GH ¢ 50,000 will be paid in cash in the bank accounts that will be opened at GCB Bank for each client.
Therefore, customers will be able to withdraw cash as soon as their accounts are activated. The SEC therefore calls on all affected clients who opt for the partial rescue package to patiently follow all processes and rely solely on the information provided by the SEC about the process.
“Customers who have not yet received their claim IDs are advised not to panic as the SMS is sent in batches. The government is committed to meeting its rescue package for all validated claims, ”the statement added.
[ad_2]
