Regulatory Alerts2025-11-05
Rules on Credit Enhancement Facility Providers & Sundry Amendment to Existing Rules of the Commission
The Securities and Exchange Commission has introduced new regulatory rules for Credit Enhancement Facility Providers, requiring mandatory registration and a minimum paid-up capital of N10 billion. These providers must maintain a minimum 85% liquid asset ratio and comply with stringent prudential requirements including long-term credit ratings and leverage limits. Furthermore, the existing Commission rules have been amended to include these providers as registrable Capital Market Operators and to set specific liquidity ratios for their operations.
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