Regulatory Alerts2021-08-13
Update on Renewal of Registration by Capital Market Operators
The Securities and Exchange Commission has re-opened its online portal to enable Capital Market Operators to complete their 2021 registration renewals. The renewal window runs from August 12 to August 31, 2021, with late fees accruing from May 1, 2021. Non-compliant operators will incur monetary penalties, face market suspension, and remain subject to further regulatory sanctions.
The Securities and Exchange Commission (“the Commission”) refers to its previous Circulars and e-mail dated 28th
June 2021 on the renewal of registration of Capital Market Operators. Capital Market Operators are hereby informed that the Commission has re-opened its renewal portal ( www.eportal.sec.gov.ng ) to enable Operators that have not renewed their registration for 2021 to do so. The portal will remain open from 12th
August 2021 to 31st
August 2021 . Please note however that penalties for late registration would continue to accrue from 1st May 2021. Capital Market Operators who fail to renew their registration within the referenced timeframe would in addition to monetary penalties for continuing violation, be suspended from operating in the market and may also be subject to further sanctions as deemed appropriate by the Commission. Signed: Management