Regulatory Alerts2024-12-23
Executed Rules Dec 2024
The Securities and Exchange Commission (SEC) of Nigeria has introduced new rules and amendments to the regulations governing the issuance of Commercial Papers (CPs). These changes outline eligibility criteria for issuers, conditions for CP issuance, and registration requirements, including those for Non-Interest Commercial Papers (NICPs). The amendments also address the calculation and payment of annual supervision fees for Collective Investment Schemes, ensuring regulatory compliance and investor protection within the Nigerian capital market. The changes are effective as of December 23, 2024.