Regulatory Alerts2025-05-19
Added · Updated
Securities (Capital Market Operators) (General Licensing Procedures and Requirements) Regulations, 2020
These Regulations establish the general licensing procedures and requirements for capital markets operators, including securities exchanges, dealers, investment advisers, and underwriters. Applicants must submit complete applications with police clearance, business plans, operational manuals, and evidence of minimum capital adequacy, while directors and senior management must meet fit and proper criteria. The Commission is authorized to refuse, vary, suspend, or revoke licenses based on compliance with these standards, including specific financial resource thresholds and public interest assessments.
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