Regulatory Alerts2026-09-01
Added
Proposed Rules On Online Forex Trading And Contract For Difference
These proposed rules establish mandatory registration and licensing requirements for entities offering online forex and CFD services to Nigerian residents, including brokers, introducing brokers, and technology providers. The framework defines three license categories with specific capital adequacy thresholds, such as N3.0 billion for B-Book brokers and N5.0 billion for technology providers, alongside fit-and-proper person criteria and operational controls. The document outlines eligibility, governance, financial, and cybersecurity obligations for regulated entities while exempting certain banks and currency exchange operators from these specific registration requirements.
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