SEC Proposes Rule for Processing Fees Payable for the Registration of ETD Products

Regulators
1060 VIEWS
Proshare - Facebook Proshare - Twitter Proshare - Linked In Proshare - WhatsApp
Proshare

Friday, May 21, 2021 / 04:57 PMby SEC Nigeria Header Image Credit: Capindia

 

The Securities and Exchange Commission has today proposed a new rule for processing fees payable for the registration of exchange-traded derivative (ETD) products. Details of the proposed rule are stated below.

 

New Rule

  • Proposed Rule for Processing Fees Payable for the Registration of Exchange-Traded Derivative Products
  • Filing Fee per Contract N100,000
  • Processing Fee per Contract N500,000 flat fee

 

Justification

The Commission is of the view that the filing fee should be a standard fee chargeable for all transactions. In addition, since there is no value attached to the contract, a flat fee of N500,000 per contract is reasonable.

 

All comments and input should be forwarded by e-mail to the Secretariat, Rules Committee of the Commission, at rulescommittee@sec.gov.ng or by letter addressed to the Director-General, SEC, not later than two (2) weeks from date of publication.


Proshare Nigeria Pvt. Ltd.


Related News

  1. SEC to Entertain Late Filing on Renewal of Registration for CMOs from May 1 to May 31st, 2021
  2. SEC Proposes New Rules on Robo-Advisory Services And Sundry Amendments
  3. Requirements of the Digital Sub-broker Regulations Introduced by Nigeria's SEC
  4. SEC Amends Rules on Sub-broker, Records of Transactions With Clients, Creates Rule on Risk Mgmt
  5. SEC Nigeria to Develop an ICT Transformation Strategy With the Support of FSD Africa
  6. SEC Reminds CMOs on KYC Update, 4.01m Accounts Are With Incomplete Information
  7. SEC to Engage Fintech Players
  8. SEC's Directive to Online Investment and Trading Platforms in Nigeria - The Way Forward
  9. SEC and the Proliferation of Unregistered Investment Platforms
  10. SEC Cautions on the Proliferation of Unregistered Online Trading Platforms Facilitating Trading
  11. SEC Proposes a New Rule, Public Companies to Report Income Earned From Unclaimed Dividends
  12. NSE Receives SEC's Approval on Trading Licence Holders' Rules Amendment, Takes Effect May 3rd
  13. Non-Interest Capital Market, Full of Potentials - DG SEC
  14. Warehousing and Collateral Management: SEC Nigeria Releases Rule
  15. SEC Nigeria Re-introduces Periodic Renewal of Registration by CMOs, Set April 30th Deadline for 2021

 

Proshare Nigeria Pvt. Ltd.

Proshare Nigeria Pvt. Ltd.

READ MORE:
Related News
SCROLL TO TOP