The Securities Commission of Papua New Guinea is the only body in PNG which gives approval to persons or corporate bodies to conduct business as a stock exchange as well as regulating their activities. It also has powers to prohibit trading in particular securities where it forms the opinion that it is necessary to do so to protect persons buying or selling securities or in the interest of the public. It must be stated that the SCPNG does not have a proprietary interest in the Port Moresby Stock Exchange (POMSoX), nor does it have any role or connection with the administration and/or operation of POMSoX.

Pacific Balance Fund and Pacific Property Trust

Pacific Balance Fund & Pacific Property Trusts are two Unit Trusts that the Securities Commission regulates. Pacific Balance fund is the former Investment Corporation Fund of Papua New Guinea (ICFPNG) is owned by Thirty Eight Thousand ordinary Papua New Guineans. Pacific Property Trusts is owned by Landowners from the Oil Fields in the Southern Highlands Province. Their combine value are in tens of million of kina.

Commission of Inquiry

One of the major task the Commission undertook was to assist the Commission of Inquiry into the Pacific Balance Fund after serious of breaches under the Securities Act and the Trust Deed governing the PBF & PPT by both the Trustee and Manager. The Report was tabled in Parliament by the Prime Minister, Honourable Sir Michael Somare on the 2nd May 2007.

The Commission is in the process of implementing the recommendations from the Reports.