Regulatory Alerts2021-12-16
Circular on the Commencement of Regulatory Fee on Fixed Income (Bonds) Secondary Market Transactions
The Securities and Exchange Commission of Nigeria has issued a circular commencing a regulatory fee structure on secondary market bond transactions effective January 1, 2022. The framework mandates a standard charge of 0.025% on the total transaction value for both the Commission and the relevant Securities Exchange, while Dealing Members pay a reduced single fee of 0.0001% exempt from the standard rate. This directive supersedes all prior regulatory notices regarding bond transaction fees and applies to transactions executed on or reported to an Exchange for settlement, price discovery, and corporate disclosure.
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