Regulatory Alerts2021-11-02
Social Bond Rule New October 29 2021
The Securities and Exchange Commission (SEC) Nigeria has released new rules on social bonds to guide their issuance and utilization. These rules define social bonds, eligible projects, and target populations. They also outline conditions for approval, utilization and management of proceeds, reporting requirements, refinancing guidelines, and external review processes. The aim is to ensure that social bonds are used effectively to finance projects that address social issues and benefit specific populations in Nigeria.