Amendment to Schedule I (Registration Fees, Minimum Capital Requirements, Securities and Others)

Part A

INCREASE IN FEES FOR REGISTRATION, FILING/APPLICATION, PROCESSING AND REGISTRATION OF SPONSORED INDIVIDUALS

S/N	FUNCTIONS	REGISTRATION (N)	FILING/APPLICATION (N)	PROCESSING (N)	REGISTRATION OF SPONSORED INDIVIDUALS (N)
		Existing/Amendment	Existing/Amendment	Existing/Amendment	Existing/Amendment
1	Broker/Dealer	500k / 5M	50k / 100k	200k / 300k	50k / 100k
2	Broker	300k / 3M	"	"	"
3	Dealer	300k / 3M	"	"	"
4	Sub-broker (Corporate)	200k / 1M	"	"	"
5	Sub-broker (Individual)	- / 500k	"	"	"
6	Sub-broker (Digital)	200k / 1M	"	"	"
7	Inter-Dealer Broker	500k / 5M	"	"	"
8	Underwriter	500k / 10M	"	"	"
9	Issuing House	500k / 10M	"	"	"
10	Registrar	500k / 5M	"	"	"
11	Fund/Portfolio Manager	500k / 10M	"	"	"
12	Corporate Investment Adviser	300k / 1M	"	"	"
13	Individual Investment Adviser	200k / 500k	"	"	"
14	Robo Adviser	- / 1M	"	"	"
15	Commodity Broker Dealer	25k / 200k	10k / 50k	25k / 50k	10k / 30k
16	Commodity Broker	25k / 100k	10k / 50k	25k / 50k	10k / 30k
17	Commodity Dealer	25k / 100k	10k / 50k	25k / 50k	10k / 30k
18	Receiving Banker	1M / 10M	50k / 100k	200k / 300k	50k / 100k
19	Trustee	500k / 1M	"	"	"
20	Rating Agency	300k / 1M	"	"	"
21	Capital Market Consultant (Corp)	300k / 1M	"	"	"
22	Capital Market Consultant (Part)	300k / 1M	"	"	"
23	Capital Market Consultant (Indiv)	200k / 500k	"	"	"
27	Custodian of Securities	500k / 10M	"	"	"
28	Nominee	- / 5M	"	"	"
29	Crowdfunding Intermediaries	500k / 1M	"	"	"
30	Central Counterparty (CCP)	1M / 30M	"	"	10k / 100k
31	Clearing Settlement Depository	1M / 25M	"	"	50k / "
32	Derivatives Clearing Member	- / 2M	"	"	"
33	Trade Repository	- / 1M	"	"	"
34	Warehousing Operators	- / 500k	"	"	"
35	Collateral Management Company	- / 1M	"	"	"
36	Commodities Exchange	1M / 10M	"	"	"
37	Securities Exchanges	1M / 30M	"	"	"
38	Capital Market Holding Companies	- / 1M	"	"	"
39	Trade Associations	100k / 200k	"	"	"

Other Fees

• Transfer of Sponsored Individuals Registration: Increased from N20,000 to N50,000.
• New Fees for Existing CMOs: Change of Registration status (N100,000), Appointment of Directors (N100,000), Registration of Nominee Account (N100,000).
• New Transaction Fees: Share reconstruction (N1,000,000), Business Combination (flat fee N1,500,000), Shelf Registration (N500,000), Derivative contract registration (N500,000).
• Miscellaneous: Capital Verification (N1,000,000), Amendment of use of proceeds (N1,000,000).

Part B

Minimum Capital Requirements: There is no amendment to Part B as this portion of the Schedule was amended recently on July 11, 2018.

Part C: Securities

Registration fees for units/securities have been adjusted, specifically for Collective Investment Schemes, where the flat rate remains, and specific percentage-based authorization fees are maintained for unit trusts, REITS, and private equity.

Part D: SEC Fees on Market Deals

• Filing fee for proxy materials: Increased from N5,000 to N500,000.
• Annual Supervisory Fees for CIS: Increased from 0.005% to 0.2% of the net asset value of the CIS under management.