Securities Commission of Papua New Guinea is mandated through three (3) pieces of legislations to regulate and administer the capital market regimes in Papua New Guinea. The new securities legislations have replaced the old Securities Act 1998 (repealed). These legislations were enacted in 2015 and came into effect in 2017.
The Capital Markets Act 2015
Capital Markets Act 2015 establishes capital market infrastructures, provisions to issue licenses to market intermediaries, and regulates issuances of securities, bonds, and derivatives to the public.