Regulatory Alerts2023-04-28
Notice of Acceptance of Applications for the Regulatory Incubation Program
The Nigerian Securities and Exchange Commission has opened its application portal for the Regulatory Incubation Program, inviting registered capital market operators and unregistered FinTech innovators to submit proposals between April 28 and May 26, 2023. Applicants must demonstrate that their innovations are safe for investors, introduce new products or processes to specific market needs, and are ready for testing, while excluding established models like crowdfunding and robo advisory. Successful participants will undergo a structured regulatory testing phase to enhance investor participation, with cohort announcements made at designated intervals throughout the program.
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