Regulatory Alerts2020-06-22
New Rules and Amendments to the Rules and Regulations of the Commission
The Securities and Exchange Commission of Nigeria has introduced comprehensive new regulatory frameworks for derivatives trading and Central Counterparty (CCP) operations, establishing clear registration, risk management, and operational requirements. Significant amendments were made to the existing rules for Collective Investment Schemes, including enhanced definitions, stricter related-party transaction controls, and updated fee structures for registrations and authorizations. Additionally, the document updates fidelity bond obligations for corporate entities and mandates new corporate governance transparency requirements for public companies on their official websites.
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