RegAlert

Rule · SEC · 27 Sep 2022

Amendment to the Investment and Securities (Exemption of State Government etc.) Order 2019

securities

The Securities and Exchange Commission, on behalf of the Minister of Finance, has approved an amendment to the 2019 Investment and Securities Order by adding a new Section 3. This amendment formally exempts State Governments and the Federal Capital Territory from Section 223 of the Investments and Securities Act, 2007. Consequently, these entities are now authorized to raise capital market funds directly for infrastructural development projects.

NigeriaSecurities and Exchange Commission Nigeria

The Securities and Exchange Commission wishes to notify all Capital Market Operators (CMOs) and the general public that the Honourable Minister of Finance, Budget and National Development has approved an amendment to the Investment and Securities (Exemption of State Governments etc.) Order 2019. The Order, which was initially published in the Official Gazette of the Federal Republic of Nigeria on 27th December 2019, was amended with the addition of a new “Section 3”. The Order has been re-published in the Gazette, dated 31st May 2021. The Order grants Exemption to State Governments and the Federal Capital Territory from the operations of Section 223 of the Investments and Securities Act, 2007 to enable them raise funds from the Capital Market for infrastructural development. The Order can be downloaded here

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Investments and Securities Act,2007Not in RegAlertInvestments and Securities Act, 2007 — Not in RegAlertInvestment and Securities(Exemption of State Governments e…Not in RegAlertInvestment and Securities (Exemption of State Governments etc.) Order 2019 dated 2019-12-27 — Not in RegAlertAmendment to the Investmentand Securities (Exemption of …2022-09-27 · this documentAmendment to the Investment and Securities (Exemption of State Government etc.) Order 2019 (2022-09-27)
amendssupersedesissued underrefers todashed card: not in RegAlert (or proposed)arrows run from the older text to the one that changes it
The links and the sentences they come from (2)
Amends
  • Investment and Securities (Exemption of State Governments etc.) Order 2019 dated 2019-12-27Not in RegAlert

    “approved an amendment to the Investment and Securities (Exemption of State Governments etc.) Order 2019”

Issued under
  • Investments and Securities Act, 2007Not in RegAlert

    “Exemption to State Governments and the Federal Capital Territory from the operations of Section 223 of the Investments and Securities Act, 2007”

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Source: Securities and Exchange Commission Nigeria — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works

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