NGX to Bar CMOs that Fail to Renew their Licenses from Performing Capital Market Functions in 2022

Proshare

Monday, January 24, 2022 / 5:15 PM / by NGX / Header Image Credit: NGX

 

The Securities and Exchange Commission has published the following information on its website:


  1. Re: Notice To All Capital Market Operators (CMOs) On 2022 Renewal Of Registration

On January 21, 2021, SEC released a circular, following its earlier circular on December 16, 2021, reminding all Capital Market Operators  (CMOs) and relevant stakeholders that the 2022 Registration Renewal Exercise would end on January 31, 2022, that there would be no extension after the stipulated deadline. The renewal portal can be accessed via eportal.sec.gov.ng.


From the circular, all CMOs that fail to renew their licenses become barred from performing capital market activities in 2022.


Editor's Note

Based on SEC Nigeria's circular published on Friday, January 21, 2022, Proshare's Analyst commented on the impact of the policy announcement on market growth and development. Details are available in the related link below.


Related Link: Revenue Drive or Market Development - Making Sense of SEC's New Circular to CMOs - Jan 22, 2022


Proshare Nigeria Pvt. Ltd.


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