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Proposed Amendments to Laws Affecting Investment in Nigeria

Proshare

Thursday, December 29, 2016 11:44 AM / SEC

Further to the resolution passed at the 1st Quarter CMC to review extant laws which affect the investment climate in Nigeria, three Committees were constituted by the Commission in June 2016 to review the following legislation:



Membership of the Committees was drawn from across the capital market community inclusive of regulators, the academia and market operators with identified expertise on various segments of the Nigerian capital market.

The committees have now concluded their assignment and the secretariat of each committee has collated the views and opinions of the various stakeholders which have been reflected in the proposed amendments to the aforementioned legislation.

Although the Committees had requested for the inputs of the various trade groups and general investing public, all members of the capital market community particularly the trade groups, are hereby invited to review the reports of the respective committees and make further comments on the proposed amendments for consideration by the Committees within two weeks commencing from today December 28, 2016.

The reports of the respective Committees can be found below.

·         Report of the Committee to review the Pension Reform Act, Financial Reporting Council of Nigeria Act & the Warehouse receipt and Other Related Matters Bill

·         Report of the Committee to review the Pension Reform Act, Financial Reporting Council of Nigeria Act & the Warehouse receipt and Other Related Matters Bill

·         Report of the Committee for Review of CAMA

·         Proposed Amendments to the Trustees Investments Act (TIA)

·         Report of the Committee to Review the Investments and Securities Act


All comments should be sent to
reviewoflaws@sec.gov.ng 

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