Regulatory Alerts2018-10-19
New Rule and Sundry Amendments to the Rules and Regulations of the Commission
The Commission issued a new rule on Green Bonds alongside sundry amendments to the Capital Market regulations. These changes formally recognize the Bank Verification Number (BVN) as a valid identification method for individual clients, establish guidelines for Investment Advisory Services, and amend existing provisions governing Nominee Accounts (Rule 61) and Investment Advisers (Rules 96 & 97). The regulatory updates collectively modernize client identification standards, clarify advisory service frameworks, and refine account management requirements within the capital market.
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