Regulation 36(1) An approved trustee or pension fund manager shall not (a) invest pension fund assets in instruments that are subject to any type of prohibitions or limitations on the sale or purchase of such instruments, (b) trade on margin accounts or take positions with pension fund assets, (c) keep "short positions" that is short selling on borrowing of securities, (d) trade in financial instruments with pension fund assets at prices different from the market price allowable on the Securities Exchange on the day the transaction is effected whether or not the purchase or sale price is higher or lower than the market price, (e) invest pension fund assets in shares or any other securities issued by (i) the approved trustee or pension fund manager; (ii) a pension fund custodian; (iii) a shareholder or director of the approved trustee or pension fund manager or pension fund custodian holding pension fund assets on its behalf except in equities within prescribed limits and money market instruments, specifically certificates of deposit and bankers acceptances, issued by a bank or discount house on its behalf, and traded on a money market electronic platform open to the public and approved by the Bank of Ghana; or (iv) securities or assets not listed or traded at a registered Securities Exchange. (f) sell pension fund assets to (i) itself, (ii) any shareholder, director or affiliate of the approved trustee or pension fund manager, (iii) any employee of the approved trustee or pension fund manager, (iv) the spouse or relative of persons referred to in paragraph (i) to (iii), (v) affiliates of any shareholder of the approved trustee or pension fund manager, or (vi) a pension fund custodian holding pension fund assets to the order of the approved trustee. (2) An approved trustee, pension fund manager, or agent of an approved trustee or pension fund manager shall not (a) purchase pension fund assets under its management, (b) apply pension fund assets under its management by way of loans and credits, or as collateral for a loan taken by any person, or (c) divulge or utilise confidential information regarding pension fund assets investment decisions, for any personal, corporate or related benefit.