Regulatory Alerts2016-08-17
Mandatory Registration of Capital Market Operators with Relevant Trade Groups and Associations
The Securities and Exchange Commission (SEC) directs all Nigerian capital market operators to register with their respective trade groups or associations by 31 October 2016. This mandatory membership strengthens self-regulatory organizations and shifts investor complaint resolution from the regulator to industry bodies, thereby reducing administrative burdens. The SEC will enforce compliance through targeted sanctions against operators that fail to join their designated trade bodies.
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