Regulatory Alerts2022-09-01
Circular on Periodic Updates of Registered Farmer Cooperatives and Warehouses Linked to Commodity Exchanges
The Commission directs all registered Commodity Exchanges to report the number of linked farmer cooperatives and warehouses in their quarterly filings. These electronic submissions must be sent to the Commodity Exchange Division within thirty days following each quarter's end, effective immediately. This mandatory reporting ensures continuous data updates for the Commission's effective supervision of market-linked agricultural entities.
The Commission hereby directs that all Commodity Exchanges registered with the Commission are henceforth required to include information on the number of registered farmer cooperatives and warehouses linked to their respective Exchanges in their quarterly reports which falls due for submission not later than 30 days from the end of each quarter. This directive is with immediate effect and all quarterly returns should be sent electronically to; COMMODITYEXCHANGEDIV@SEC.GOV.NG Justification: The implementation committee has found this necessary to ensure adequate and regular updates on the number of farmer cooperatives and warehouses linked to the Exchanges for effective supervision.