SCPNGSCPNG Securities Commission of Papua New Guinea! Independent conduct watchdog for the PNGPNG Papua New Guinea capital markets is established under the Securities Commission Act 2015 (SCASCA 2015 Securities Commission Act 2015). We enforce the Capital Market Act 2015 (CMACMA 2015 Capital Market Act 2015) and Central Depositories Act 2015 (CDACDA 2015 Central Depositories Act 2015). We strive to facilitate the development of the market while ensuring that it remains a fair, secure, orderly, and efficient forum for all stakeholders.
As the country evolves into the future, more first-time investors are expected to turn to the capital market to better their lives. Our core mandate is to protect them by supervising the market players when money transfers from those who have it (investors) to those who need it (corporations). Certain risks associated with operating in such industry are inherent. We ensure such systemic risks are mitigated.
ABOUT US
Who we are
As our nation’s capital market matures, there is a need for sound market regulation. And the common interest of all Papua New Guineans in a growing economy that produces jobs, improves our standard of living, and protects the value of our savings means that all of SCPNG’s actions must be designed toward promoting the capital formation that is necessary to sustain economic growth.
The world of investing is fascinating and complex, yet fruitful. There are no guarantees. That’s why investing is not a spectator sport. While SCPNG ensures systems are designed to mitigate losses, investors are encouraged to educate themselves before investing in securities.
Our securities laws derive from a simple concept: all investors, whether institutions or individuals, should have access to certain basic facts about an investment prior to buying it and as long as they hold it.
To achieve this, the SCPNG requires public companies to disclose material financial information to the public. This enables all investors to form informed decisions whether to buy, sell, or hold securities. The steady flow of timely, comprehensive, and accurate information is a pivotal enabler to sound investment decisions and therefore facilitates capital formation that is so important to our economy.
To meet this objective, SCPNG works with all market participants, including investors, to listen to their concerns and learn from their experiences.
SCPNG oversees key market participants, including the PNG National Stock Exchange (PNGXPNGX PNG National Stock Exchange), securities brokers & dealers, investment advisors, unit trusts, fund managers, property trusts, and financial advisors. We encourage disclosure of material market-related information to investors and fair dealing. The SCA and CMA provisions are designed to protect against fraud, market manipulation, and providing false or misleading information about securities and the companies that issue them. Heavy penalties apply to offenders.
Our website offers the public a wealth of educational information on SCPNG and what we can and do.
Our History
Securities Commission of Papua New Guinea — Est. 1997
Securities Act Enacted
Original legal foundation for PNG securities regulation
1997
Securities Act Enacted
Original legal foundation for PNG securities regulation
1998
SCPNG Established
Division formally established under Investment Promotion Authority (IPA)
SCPNG Established
Division formally established under Investment Promotion Authority (IPA)
Global Financial Crisis
Exposed weaknesses in regulation worldwide
2007–09
Global Financial Crisis
Exposed weaknesses in regulation worldwide
Pre-2015
Challenges Emerge
1997 Act proves inadequate for modern markets
Challenges Emerge
1997 Act proves inadequate for modern markets
2015
New SCPNG Acts
Reformed independent commission as conduct regulator
New SCPNG Acts
Reformed independent commission as conduct regulator
Expanded Mandate
Enforcing CMA & CDA — investor protection & market dev.
2015–Now
Expanded Mandate
Enforcing CMA & CDA — investor protection & market dev.
Our Organisational Structure
Chief Executive
Officer
Officer
Secretariat Unit
General Counsel
Internal Audit Unit
Manager Internal Audit
Corporate Services
Division (CSD)
Division (CSD)
Director Corporate Services
Manager
Finance
Finance
Manager HR
Manager IT
Legal Services
Division (LSD)
Division (LSD)
Director Legal Services
Manager Legal
Advisory
Advisory
Manager Legal
Enforcement &
Compliance
Enforcement &
Compliance
Licensing, Investigation
&Supervision Division
(LISD)
&Supervision Division
(LISD)
Director LIS
Manager
Licensing
Licensing
Manager
Supervision
Supervision
Manager
Investigations
Investigations
Manager Market
Data
Data
Research & Publication
Division (RPD)
Division (RPD)
Director R&P
Manager
Research
Research
Manager Media
&Publication
&Publication
Manager
Investments
Investments
Meet
Our Management Team
James Joshua
Acting Chief Executive Officer
CEO
Tyson Yapao
Legal Manager
LM
Joy Komba
Director Research & Publication
DR&P
Andy Ambulu
General Counsel
GC
Sam Taki
Director Corporate Services
DCS
Zomay Apini
Market Data Manager & OIC LIS
MDM
Our Mission
Our Mission
“To promote and maintain a secure capital market that is fair for and accessible to all stakeholders while supporting capital formation through innovative market development.”
Our mission is to provide a high-quality and competitive market infrastructure for both issuers and investors to conduct their business freely, fairly, efficiently, and transparently in a risk-free market. In doing so, we will be supporting innovations, introducing new financial products, and providing the opportunity to enable new innovations, making the PNG capital market a premier choice for investors and issuers in PNG and the Pacific.
Our Vision
Our Vision
“To ensure Port Moresby becomes the Financial Capital of the Blue Pacific by 2040.”
This vision seeks to place PNG in a strategic position to provide an alternative source of funding or a capital-raising hub for the Pacific. The vision is to create a secure capital market for the Pacific, especially the MSG group of countries, to source funding for investments away from the traditional banking system.
Our Foundation
Our Core Values
The principles that shape every decision, every interaction, and every outcome we deliver.
01
Efficiency
We are sensitive to, and respond proactively to the needs of our stakeholders, anticipating challenges and acting with purpose.
02
Commitment
We commit ourselves to exceed the expectations of our stakeholders, maintaining the highest level of professionalism in our service standards.
03
Integrity
We are honest, ethical, accountable, fair and trustworthy in our mandate, upholding transparency in all we do.
04
Innovation
We are dedicated to continuous learning, research and innovation, pushing boundaries to deliver forward-thinking solutions.
05
Teamwork
We are committed to working with and for each of our stakeholders, building partnerships grounded in collaboration and mutual trust.
Protect
Investor Safety
We protect investors and the integrity of the market. A fair, orderly and efficient market is central to capital formation, ensuring all participants play by the same rules.
Develop
Market Growth
We enable growth of PNG's Capital Market by encouraging a robust and fair stock market, developing a corporate bond market, and mobilising investors to facilitate capital creation.
Regulate
Market Oversight
A well regulated market attracts investors and promotes economic development. We enforce strict corporate governance practices to keep investors away from scams and deception.
Mitigate
Financial Stability