Regulatory Alerts2020-10-22
Circular to All Capital Market Operators
The Nigerian Securities and Exchange Commission has implemented new registration requirements for capital market operators under the Investments and Securities Act 2007. Managing Directors or Chief Executive Officers must now submit detailed company contribution briefs when presenting sponsored individuals for interview, while transferring candidates face mandatory fresh interviews instead of automatic exemptions. Effective January 2021, pre-registration examinations administered by the Nigerian Capital Market Institute will incorporate essay questions to rigorously assess candidate knowledge and skill.
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