Regulatory Alerts2025-05-19
Added · Updated
Securities (Recognition of Self-Regulatory Organisations) Regulations, 2020
These regulations establish the framework for the Securities Commission to recognize, regulate, and supervise self-regulatory organizations under the Securities Act 2016. They define public interest criteria for recognition, including member security and conduct standards, and prescribe application procedures with a ninety-day decision timeline that deems acceptance if the Commission fails to respond. The rules detail the issuance, variation, suspension, and withdrawal of recognition certificates, while mandating the maintenance of member registers and providing a thirty-day appeal window to the Tribunal for dissatisfied organizations.
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