Regulatory Alerts2021-07-27
Added · Updated
Proposed Major Amendment to Rules on Securities Exchanges and Other Sundry Amendments
The SEC Nigeria proposes major amendments to the Rules on Securities Exchanges to enhance governance, risk management, and operational efficiency through updated regulatory standards and oversight. These amendments introduce new classifications for securities exchanges, including Composite and Non-Composite Exchanges, while formalizing registration requirements, continuing obligations, and reporting mandates for both exchanges and Alternative Trading Facilities. The revisions aim to align the local regulatory framework with international best practices by streamlining operations, clarifying accountability, and strengthening investor protection mechanisms.
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