Regulatory Alerts2021-05-10
Update on Renewal of Registration for Capital Market Operators
The Securities and Exchange Commission requires all registered Capital Market Operators to complete their registration renewal by April 30, 2021. Operators submitting late renewals between May 1 and May 31 will have their updated names published on the SEC website, in national newspapers, and communicated to relevant exchanges and trade associations. Failure to renew registration by May 31, 2021 will render Capital Market Operators ineligible to operate in the capital market.
The Securities and Exchange Commission (SEC) wishes to inform all registered Capital Market Operators (CMOs) that in line with the requirements for renewal of registration, all CMOs are required to complete the renewal process on or before April 30, 2021. Consequently, all CMOs are expected to note the following; Late filing for renewal of registration shall only be entertained from May 1, 2021 to May 31, 2021. The names of CMOs which have renewed their registration shall be published on the SEC Website/National Daily Newspapers and communicated to the relevant Securities Exchanges and Trade Associations for their notification. CMOs yet to renew their registration after May 31 2021, shall not be eligible to operate in the capital market. Signed Management