Regulatory Alerts2019-10-30
Rules July 2017 Final For Execution 11 10 2017
The Securities and Exchange Commission (SEC) of Nigeria has issued new rules and amendments to existing regulations under the Investments and Securities Act of 2007. These changes encompass professional conduct for asset managers, fixed and equity primary issuance fees, and sundry amendments concerning brokers, sub-brokers, issuing houses, and capital market operators. The key focus includes enhancing ethical standards, ensuring fair investment practices, and providing clear operational guidelines for market participants. The new rules also address the trading of unlisted securities, registration requirements for capital market operators, and the obligations of custodians in collective investment schemes.