Regulatory Alerts2024-12-23
Executed Rules Dec 2024
The Securities and Exchange Commission (SEC) Nigeria has introduced new rules and amendments to existing regulations concerning the issuance of commercial papers (CPs). These rules outline eligibility criteria for issuers, conditions for CP issuance, registration requirements, and post-issuance obligations. The amendments also address exemptions and annual supervision fees for collective investment schemes, aiming to enhance regulatory oversight and investor protection in the Nigerian capital market. These changes are set to take effect, ensuring greater transparency and compliance within the financial sector.