SEC Releases Requirement for Additional Information on All Prospectuses Issued to The Public

Monday, June 22 , 2020 / 10:35 AM / by SEC Nigeria / Header Image Credit: SEC Nigeria 

This is to inform all stakeholders that as part of efforts to ensure investor protection and promote transparency in the operations of the Nigerian Capital Market, the Commission has introduced a new requirement for inclusion in all prospectuses or offer documents issued to the general public.

With effect from the 18th day of June 2020, all prospectuses issued to the general public are required to include the Commission's Contact Telephone Number and Email Address, to enable investors confirm the clearance of the prospectus and registration of the securities with the Commission.

Henceforth, the introductory part of the Prospectus shall prominently display the following statement;

"Investors may confirm the clearance of the prospectus and registration of the securities with the Securities and Exchange Commission by contacting the Commission on sec@sec.gov.ng or +234(0)94621100;+234(0) 94621168"

Issuers and Financial Advisers should note and comply accordingly.

The investing public are encouraged to utilize the contact information provided in a prospectus to contact the Securities and Exchange Commission where they require information regarding the clearance of a prospectus or registration of securities.

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