Capital market operators and most people have been knowledgeable that the annual renewal of Registration for 12 months 2023 will begin from January 01, 2023 and is predicted to finish on January 31, 2023.
This was acknowledged by the Securities and Change Fee in a current round launched to the capital market.
In line with the Fee, “the annual renewal of registration of Capital Market Operators which is aimed toward guaranteeing that solely match and correct individuals function within the Nigerian Capital Market
“According to the Fee’s Guidelines and Laws, all CMOs are to finish the method of renewal of registration for 2023 on or earlier than thirty first January 2023 by way of the Registration Renewal Portal.”
The SEC had in 2021 re-introduced periodic renewal of registration by capital market operators which was premised on the necessity to have a dependable knowledge financial institution of all CMOs registered and lively within the Nigerian capital market, to offer up to date data on operators within the Nigerian capital marketplace for reference and different official functions by native and overseas traders, different regulatory businesses and most people.
The renewal was additionally launched to more and more recue incidences of unethical practices by CMOs resembling might have an effect on traders’ confidence and affect negatively on the Nigerian capital market in addition to to strengthen supervision and monitoring of CMOs by the Fee.
Consequently, the Fee amended its guidelines and re-introduced the requirement for yearly renewal of registration by all CMOs and carried out electronically so as to guarantee effectivity.
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