Regulatory Alerts2021-04-27
Major Amendments To The Sec Nigeria Rules 26 April 2021
The Securities and Exchange Commission (SEC) Nigeria has announced major amendments to its rules and regulations to accommodate sub-brokers using digital platforms. These amendments include new registration requirements, the definition of a 'Sub-broker Serving Multiple Brokers Through a Digital Platform', additional record-keeping requirements for transactions with clients, and new risk management rules for sub-brokers using digital platforms. These changes aim to adapt to the evolving landscape of the capital market and ensure investor protection.