Regulatory Alerts2009-09-15
The Investments and Securities Act 2007
The document is the full text of The Investments and Securities Act of 2007 from Nigeria. It repeals the Investments and Securities Act 1999, establishes the Securities and Exchange Commission (SEC) as the regulatory authority for the Nigerian capital market, and provides for the regulation of the market. The Act covers a broad range of topics including the establishment and management of the SEC, functions and powers of the commission, registration and regulation of securities exchanges and capital market operators, trading in securities, mergers, take-overs and acquisitions and collective investment schemes. Investors, shareholders and members of the Security and Exchange Commission are addressed, who should find these provisions valuable.