OVERVIEW OF REGULATORY FRAMEWORK

The capital market industry operates within certain regulatory frameworks. It is in the interest of Participants in this industry to adhere to the requirements of PNGPNG Papua New Guinea’s Securities Laws, in the course of offering their services. The SCPNGSCPNG Securities Commission of Papua New Guinea is currently developing a regulatory framework that facilitates the development of new financial products and institutions through research and ensuring fairness and orderliness in the capital markets industry. The SPNG’s regulatory framework comprises of the following:

Securities Commission Act 2015

Securities Commission Act 2015 establishes the Securities Commission of PNG.

You can download the Securities Commission Act 2015 here

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.

You can download the Capital Markets Act 2015 here

Securities Act 1997 (Repealed)

The Securities Act 1997 (now repealed) was enacted in 1998 by Parliament to give effect to the establishment of the Port Moresby Stock Exchange. It was repealed and replaced by the Securities Commission Act 2015. A copy may be downloaded from here for reference purposes

You can download the Securities Act 1997 (repealed) here

Central Depositories Act 2015

Central Depositories Act 2015 ensures to improve efficiency and transparency of the capital market infrastructures in PNG.

You can download the Central Depositories Act 2015 here

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