SEC Requests CMOs to Disclose Security Dealings of 500,000 Units Within 24hrs of Activity

Proshare

Friday, December 04, 2020 / 11:15 AM / by SEC Nigeria / Header Image Credit: SEC Nigeria 


Rule 56 (1&2) (c) of the Rules and Regulations of the Securities and Exchange Commission provides that:

"Registered brokers/dealers shall disclose to the Commission any dealings in a Security valued at a minimum of 500,000 units executed in a single deal or in multiple deals on the same day on behalf of his clients or on his own account not later than 24 hours after such activity".


In line with the above Rule, the Commission wishes to request all Capital Market Operators registered as Brokers, Dealers or Broker Dealers to henceforth comply with the Rule and forward the required returns as in the template below. The returns shall be sent to the following email address in excel csv template.


Email

stockexchange@sec.gov.ng 

 

Template

Broker

CHNumber

Investor
Name

Permanent
Address

Email
Address

Phone
Number

Transaction
Date

Security
Symbol

Transaction
Type

Ticket
Number

Volume

Unit
Price

Total Price

The implementation of this template will take effect from January 2, 2021.


Proshare Nigeria Pvt. Ltd.


Related News

  1. IOSCO Consults on Issues and Concerns Regarding Market Data
  2. SEC Urges Collaboration on Commodities Trading Ecosystem
  3. Revision of Stamp Duty on NSE Transactions to 0.08% from 0.075% Effective 7th December 2020
  4. SEC Proposes Amendment to Its Rule on Renewal of Registration by CMOs
  5. CBN's Stress Test Reveals Nigerian Banks Vulnerability to Economic Headwinds
  6. Governments Can Unlock Potentials Through Privatisation - SEC
  7. SEC Issues Pre-Notice on Withdrawal of Certificates of Registration of 157 Inactive CMOs
  8. SEC Extends Deadline to File Quarterly Financial Statements for The Period Ending Sept 30, 2020
  9. SEC to Discontinue the Practice of Issuing Prior Approval for Audited Accounts of CIS
  10. SEC Issues Fresh Circular on the Registration of CMOs
  11. SEC Sets January 2021 for Implementation of Corporate Governance Guidelines


Proshare Nigeria Pvt. Ltd.

Proshare Nigeria Pvt. Ltd.

READ MORE:
Related News
SCROLL TO TOP