Regulatory Alerts2020-12-18
Circular To Regulated Entities And Capital Market Stakeholders
The Federal Ministry of Health, the Nigeria Centre for Disease Control, and the Commission warn of a potential second COVID-19 wave and mandate capital market stakeholders to maintain safety protocols, ensure operational continuity, and protect investors. The regulatory framework requires issuers, trading platforms, and operators to monitor systemic risks while receiving targeted guidance and operational flexibility during the interim period. Furthermore, all application filings must now be submitted electronically through designated email addresses until further notice.
The Federal Ministry of Health and the Nigeria Centre for Disease Control (NCDC) has warned that the country is on the verge of a second wave of the COVID-19 pandemic. In light of the rising number of new cases, the Commission wishes to provide the following guidance: All stakeholders in the Nigerian capital market are encouraged to adhere to all recent directives by the relevant agencies on safety and social distancing. At this time, the Commission is focused on the following measures, amongst others: ensuring the continuity of its operations; monitoring activities in the market and systemic risks; providing regulatory flexibility and guidance to issuers, trading platforms, capital market operators and other stakeholders impacted by COVID-19; and protection of investors. Below is a summary of market-focused adjustments to be adopted in the interim in response to the recent advice from the above mentioned agencies and possible effects of the second wave of COVID-19: Filing of Applications Until further notice, all applications should be made electronically to the following (corresponding) dedicated email addresses: