SEC gives operators January 31 deadline for renewals

The Securities and Exchange Commission (SEC) has asked Capital Market Operators (CMOs) to ensure that they renew their registration on or before January 31, 2025. The Commission said this in a circular issued recently to ask the operators to begin this annual renewal of registration from January 1 to January 31, 2025. The annual renewal […]

The Securities and Exchange Commission (SEC) has asked Capital Market Operators (CMOs) to ensure that they renew their registration on or before January 31, 2025.

The Commission said this in a circular issued recently to ask the operators to begin this annual renewal of registration from January 1 to January 31, 2025.

The annual renewal of registration of Capital Market Operators, is aimed at ensuring that only fit and proper persons operate in the Nigerian capital market.

The Commission emphasised that CMOs without valid registration will be penalised and may be excluded from carrying out capital market activities.

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The SEC had in 2021 re-introduced periodic renewal of registration by capital market operators, which was premised on the need to have a reliable data bank of all CMOs registered and active in the Nigerian capital market.