Regulatory Alerts2021-06-16
SEC Regulatory Incubation Program for FinTechs
The Nigerian Securities and Exchange Commission launches the Regulatory Incubation program to accommodate emerging FinTech business models requiring regulatory authorization. The cohort-based initiative operates through a one-year incubation period comprising an initial assessment and formal regulatory phase, with continuous reviews of FinTech Assessment Forms to clarify applicable regimes. This interim framework enables technological innovation while preserving market integrity and ensuring robust investor protection within the Nigerian Capital Market.
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