The Securities and Exchange Commission, SEC, has called on Capital Market Operators, CMOs, to ensure they renew their registration on or before January 31, 2025.
This is contained in a circular issued by the commission.
The circulator directs the operators to commence the annual renewal of registration from January 1 to January 31, 2025.
The directive is aimed at ensuring that only fit and proper persons operate in the Nigerian capital market during the annual renewal of registration of Capital Market Operators.
The Security and Exchange Commission emphasised that CMOs without valid registration will be penalised and may be excluded from carrying out capital market activities.
The SEC had, in 2021, reintroduced periodic renewal of registration by capital market operators.
The decision was based on the need to have a reliable data bank of all Capital Market Operators registered and active in the Nigerian capital market.
