Regulatory Alerts2024-12-23
New Rules and Sundry Amendments to the Rules and Regulations of the Commission
The Securities and Exchange Commission has introduced new regulatory rules governing the issuance of commercial papers, including specific eligibility criteria, registration requirements, and strict guidelines for rollovers and allotments. The amendments also adjust exemption thresholds under Rule 8, increasing the aggregate value limit for qualifying securities from N5,000,000 to N20,000,000. Additionally, the commission has updated the annual supervisory and regulatory fee structure for collective investment schemes and other portfolios managed by fund managers.
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