Regulatory Alerts2019-10-01
Securities and Exchange Commission Nigeria New Rules and Amendments 2019
The Securities and Exchange Commission has introduced new regulatory frameworks for Direct Cash Settlement, Electronic Offerings, and the Transmission of Shares to enhance capital market transparency and efficiency. Key amendments include stricter filing requirements for annual and quarterly reports, mandatory disclosure of impending filing failures, and the prohibition of gifts at shareholder meetings. Additionally, the Commission has significantly increased registration and re-filing fees for securities offerings while establishing clear penalty structures for non-compliance with these updated standards.
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