Regulatory Alerts2017-07-25
Rules On Demutualization Of Securities Exchanges In Nigeria April 27 2015
The Securities and Exchange Commission in Nigeria has released new regulations for the demutualization of securities exchanges. These regulations outline the requirements and procedures for converting member-owned organizations into shareholder-owned companies. The rules cover various aspects including pre-conditions for demutualization, post-demutualization requirements, commission procedures, ownership structure, governance, and shareholding reductions, aiming to ensure transparency and efficiency in the process.