Regulatory Alerts2017-01-16
SEC Reorganizes for Efficiency
The Securities and Exchange Commission (SEC) has reorganized its capital market oversight by relocating the Inspectorate and Registration Divisions to the Lagos Zonal Office, while maintaining dedicated Abuja units for Northern operators. The Fund Management Division has been merged into the Inspectorate Division to optimize the Risk Based Supervision Model and streamline regulatory supervision. This restructuring, effective January 16, 2017, reduces operational costs for Capital Market Operators and strengthens compliance with capital market rules.
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