Regulatory Alerts2018-10-22
12 October 2018 Sec Ng Approved Rules
The Securities and Exchange Commission (SEC) has introduced a new rule on green bonds and sundry amendments to its rules and regulations. The new rule on green bonds outlines the criteria for projects that qualify for green bond financing, as well as the requirements for issuers of green bonds. Further amendments include the use of Bank Verification Numbers (BVN) for client identification and providing guidelines for investment advisory services, including risk assessment and disclosure requirements. Additionally, there are amendments to rules concerning nominee accounts, investment advisers, and exemptions to registration.