Guyana Securities Council
Guyana Securities council (The ‘Council’) is a statutory body created by the Securities Industry Act 1998 and brought into existence by Ministerial Order No. 5 of 2000 by the Minister of Finance with effect from 16th December, 2000. The Council commenced activities on 24th September, 2001.
The principal functions of the Council, under section 5 of the Securities Industry Act 1998, are to:
- Advise the Minister of Finance on all matters relating to securities;
- Maintain surveillance over the securities market and ensure orderly, fair and equitable dealings in securities;
- Register, authorise or regulate, in accordance with the Securities Industry Act 1998, self regulatory organization, securities companies, securities intermediaries, brokers, dealers, traders, underwriters, issuers and investment advisers, and control and supervise their activities with a view to maintaining proper standards of conduct and professionalism in the securities business;
- Protect the integrity of the securities market against abuse arising from the practice of insider trading;
- Create and promote such conditions in the securities market as it may seem necessary, advisable or appropriate to ensure the orderly growth and development of the capital market.