Regulatory Alerts2021-12-22
Amendment to Schedule I (Registration Fees, Minimum Capital Requirements, Securities and Others)
The Securities and Exchange Commission of Nigeria has significantly increased registration, filing, processing, and sponsorship fees for a wide range of capital market operators. The amendment also elevates the filing fee for proxy materials from N5,000 to N500,000 and increases the annual supervisory fee for Collective Investment Scheme fund managers from 0.005% to 0.2% of net asset value. These changes are part of a comprehensive update to fee structures, including new charges for corporate actions like share reconstructions and business combinations.
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