Aggregated News From Investment Management Regulators

Nigeria

Exposure Of Proposed Guidelines On Minimum Operating Standards For Information Technology For Capital Market Operators (CMOS)

This news item was originally published by the Securities and Exchange Commission (SEC NG). For more information, please see the Proposed Guidelines here: Source Link.

Circular On Processing Fee For Fairness Review Of Mergers, Takeovers And Acquisitions By The Securities And Exchange Commission, Nigeria

The Commission, pursuant to its powers under the Investment and Securities Act (ISA), 2007, and Rule 6 of the Amended Rules on Mergers, Takeovers and Acquisitions, by this circular, hereby notify all public companies involved in or intending to be involved in a merger, acquisition, or other forms of corporate restructuring that the applicable ’’processing fee’’  for fairness review of mergers, takeovers and acquisitions by the Commission, is as stipulated in Schedule I, Part C, 8(iii) of the Commission’s Consolidated Rules 2013. Please be guided accordingly. Management. This news item was originally published by the Securities and Exchange Commission (SEC NG). For...

Activities Of Some Unregistered Investments Schemes

The Securities and Exchange Commission (“SEC”), on March 14, 2022 shut the offices of the following companies: OXFORD INTERNATIONAL GROUP/OXFORD COMMERCIAL SERVICES FARMFORTE AGRO ALLIED SOLUTIONS LIMITED/AGROPARTNERSHIPS VEKTR CAPITAL INVESTMENT/VEKTR ENTERPRISE The Commission hereby notifies the investing public that none of these entities is registered by the SEC and the Investment Schemes promoted by them are also not authorized by the SEC. The Commission warns that it is unlawful for any private enterprise whether incorporated as a company or not, to solicit funds from the public by whatever means to fund its private ventures in contravention of the Investments and Securities...

Exposure Of Proposed Amendments Of The Rules And Regulations (Schedule I & Rule 393 (3) (x))

Major Amendment Proposed amendment to Schedule I (Registration Fees, Minimum Capital Requirements, Securities and Others)          Sundry Amendment Proposed amendment to Rule 398 (3) (x)- Rules Relating to Share Buy-back   All comments and input should be forwarded by e-mail to the Secretariat, Rules Committee of the Commission, at [email protected] or by letter addressed to the Director-General, SEC, not later than two (2) weeks from date of publication. View/Download Below: Download File This news item was originally published by the Securities and Exchange Commission (SEC NG). For more information, please see the Source Link.

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

Further to our earlier circular released on 16th December 2021 on the above subject, this is a reminder to all Capital Market Operators and relevant stakeholders that the 2022 Registration Renewal Exercise will end on 31st January 2022, and there will be no extension. The renewal portal can be accessed via eportal.sec.gov.ng Capital Market Operators that fail to renew their licenses will be barred from performing capital market activities in 2022. Signed: Management This news item was originally published by the Securities and Exchange Commission (SEC NG). For more information, please see the Source Link.

FG’s Official Gazzette On Proscription Of Banditry And Screening Of Clients Against Sanction Lists

All Capital Market Operators (CMOs) are hereby notified that in line with the requirements of the Terrorism Prevention Act (No. 10,2011) and Terrorism (Prevention) Proscription Order Motion, 2021, the Federal Government of Nigeria has declared the activities of “YAN BINDIGA GROUP”, YAN TA’ADDA GROUP AND OTHER SIMILAR Groups in any part of Nigeria as Terrorism and Illegal, proscribing their existence and restraining any person or Group of Persons from participating in any manner whatsoever in any form in the activities of any of the Groups. All Capital Market Operators (CMOs) are required by this circular to screen and verify every...

Notice To All Capital Market Operators (CMOS) On 2022 Renewal Of Registration

This is to inform all Capital Market Operators (CMOs) and the general public that the annual renewal of Registration of CMOs for the year 2022 will commence from 1st January, 2022. In line with the Commission’s Rules & Regulations, all CMOs are to complete the process of renewal of registration for 2022 on or before 31st January, 2022 via the renewal of registration portal –  eportal.sec.gov.ng For enquiries or support in completing the process, please contact any of the persons below listed: Franca Isiguzoro: [email protected] Nakwada Ahmed: [email protected] Zarami Abubakar: [email protected] Okechukwu Callista: [email protected] Signed: Management This news item was originally published by...

Activities Of FinAfrica Investment Limited (Chinmark Group)

The attention of the Securities and Exchange Commission, Nigeria (“SEC”) has been drawn to the activities of an Illegal Operator (FINAFRICA INVESTMENT LIMITED). The Company claimed to be an Investment Company that engages in Business Development in Commercial sectors of the economy and uses the funds in entities under Chimark Group. The Commission hereby notifies the investing public that neither FINAFRICA INVESTMENT LIMITED nor Chimark Group is registered by the SEC and the Investment Scheme promoted by these entities are also not authorized by the SEC. In view of the above, the general public is hereby WARNED that any person dealing...

Circular To All Registered Fund/Portfolio Managers On Annual Regulatory And Supervision Fees

The Commission hereby draws the attention of all registered Fund/Portfolio Managers to the SEC Rule on Annual Supervision Fees for Collective Investment Schemes (CIS) and Regulatory Fees for Discretionary and Non-Discretionary Funds/Portfolios issued on January, 21 2021 and the amendment thereto issued on December 20, 2021, which provides that: A        Annual Supervisory fee for Collective Investments Schemes (CIS) under Management 1.    The annual supervisory fee for CIS shall be: (i)           0.2% of the Net Asset Value (NAV) of CIS under management (ii)          be computed and accrued daily for each CIS. 2     All fund managers shall pay the annual supervisory fee to the Commission not later than 31st January of every year. 3     The...

Activities Of Poyoyo Investment (Pilvest) Nigeria Limited

The attention of the Securities and Exchange Commission, Nigeria (“SEC”) has been drawn to the electronic and WhatsApp messages being circulated to investors on behalf of Poyoyo Investment (PILVEST) Nigeria Limited. The electronic message indicates a proposal to investors to invest in guaranteed investments with the following types of investment plans: Option A which is an investment with a minimum capital of N100,000.00 being invested for a period of One (1) month with a ROI (Returns on Investment) yield of 20%. Option B which involves an investment with a minimum capital of N300,000.00 being invested for a period of three...

Circular On The Commencement Of Regulatory Fee On Fixed Income (Bonds) Secondary Market Transactions

This circular is made pursuant to Section 13(u) of the Investments and Securities Act (ISA), 2007 and Schedule 1, Part D of the SEC Rules (Registration Fees, Minimum Capital Requirements, Securities and others) which empower the Securities and Exchange Commission (SEC) to levy, among others, fees on transactions relating to investments and securities business in Nigeria.  Capital Market Operators (CMOs) and stakeholders generally are hereby notified that: A regulatory fee structure on secondary market transactions on Bonds will take effect from January 1, 2022. Secondary market transactions on Bonds shall include bond transactions executed on a Securities Exchange (Exchange), reported...

Exposure Of New Rule on Special Purpose Acquisition Companies And Sundry Amendments To SEC NG Rules

Download full document Summary of Changes New Rule 1. Proposed New Rule On Special Purpose Acquisition Companies (SPACs) Sundry Amendment 2. Proposed Amendment to Rule 3(6)(b)- Time for Processing All comments and input should be forwarded by e-mail to the Secretariat, Rules Committee of the Commission, at [email protected] or by letter addressed to the Director-General, SEC, not later than two (2) weeks from date of publication. This news item was originally published by the Securities and Exchange Commission (SEC NG). For more information, please see the Source Link.

Regulator Information

Abbreviation: ASIC
Jurisdiction: Australia
Abbreviation: BCSC
Jurisdiction: Canada
Abbreviation: BVI FSC
Jurisdiction: British Virgin Islands
Abbreviation: CSA
Jurisdiction: Canada
Regulator Name: Capital Market Authority
Abbreviation: CMA
Jurisdiction: Saudi Arabia
Abbreviation: CIMA
Jurisdiction: Cayman Islands
Regulator Name: Central Bank of Armenia
Abbreviation: CBA
Jurisdiction: Armenia
Regulator Name: Central Bank of Iceland
Abbreviation: CB IS
Jurisdiction: Iceland
Abbreviation: CBR
Jurisdiction: Russian Federation
Abbreviation: CSRC
Jurisdiction: China
Abbreviation: CSSF
Jurisdiction: Luxembourg
Abbreviation: CFTC
Jurisdiction: USA
Abbreviation: CFPB
Jurisdiction: United States
Abbreviation: HANFA
Jurisdiction: Croatia
Abbreviation: CySEC
Jurisdiction: Cyprus
Abbreviation: DFSA
Jurisdiction: Denmark
Abbreviation: AFM
Jurisdiction: Netherlands
Regulator Name: European Banking Authority
Abbreviation: EBA
Jurisdiction: Supranational
Abbreviation: EIOPA
Jurisdiction: Supranational
Abbreviation: ESMA
Jurisdiction: ESMA
Abbreviation: FDIC
Jurisdiction: United States
Regulator Name: Federal Reserve System
Abbreviation: FRB US
Jurisdiction: United States
Abbreviation: FRA
Jurisdiction: Egypt
Abbreviation: FCNB
Jurisdiction: Canada
Regulator Name: Financial Conduct Authority
Abbreviation: FCA
Jurisdiction: United Kingdom
Abbreviation: FinCEN
Jurisdiction: United States
Abbreviation: FINRA
Jurisdiction: United States
Regulator Name: Financial Market Authority
Abbreviation: FMA
Jurisdiction: Austria
Regulator Name: Financial Markets Authority
Abbreviation: AMF
Jurisdiction: Canada
Regulator Name: Financial Markets Authority
Abbreviation: AMF
Jurisdiction: France
Regulator Name: Financial Markets Authority
Abbreviation: FMA
Jurisdiction: New Zealand
Abbreviation: FSMA
Jurisdiction: Belgium
Abbreviation: SFC
Jurisdiction: Colombia
Abbreviation: FIN-FSA
Jurisdiction: Finland
Abbreviation: FME IS
Jurisdiction: Iceland
Abbreviation: FSA
Jurisdiction: Norway
Abbreviation: IOMFSA
Jurisdiction: Isle of Man
Abbreviation: JFSC
Jurisdiction: Jersey
Abbreviation: MFSA
Jurisdiction: Malta
Abbreviation: MSC
Jurisdiction: Canada
Abbreviation: MAS
Jurisdiction: Singapore
Abbreviation: NFA
Jurisdiction: United States
Abbreviation: CNV
Jurisdiction: Argentina
Abbreviation: OFAC
Jurisdiction: United States
Abbreviation: OCC
Jurisdiction: United States
Abbreviation: OSC
Jurisdiction: Canada
Abbreviation: CMVM
Jurisdiction: Portugal
Abbreviation: SEBI
Jurisdiction: India
Abbreviation: FSA
Jurisdiction: Japan
Abbreviation: SEC
Jurisdiction: United States
Abbreviation: SEC NG
Jurisdiction: Nigeria
Abbreviation: SEC TH
Jurisdiction: Thailand
Abbreviation: CVM
Jurisdiction: Brazil
Abbreviation: SFC
Jurisdiction: Hong Kong
Regulator Name: State Securities Commission
Abbreviation: SSC
Jurisdiction: Vietnam
Abbreviation: FI
Jurisdiction: Sweden
Abbreviation: FINMA
Jurisdiction: Switzerland
Abbreviation: UST
Jurisdiction: United States

Recent Articles

Proposed Rule Change to Amend FINRA Rule 2231 (Customer Account Statements)

Financial Industry Regulatory Authority, Inc.

Revision of Recommendation 25 – White Paper for Public Consultation

The Financial Action Task Force (FATF) is conducting a review of Recommendation 25 (R.25) on the transparency and beneficial ownership (BO) of legal arrangements....

ASIC warns super trustees to be transparent in their underperformance communications to members

ASIC today released the findings from its review of superannuation trustees’ communications with their members following the first annual performance test for MySuper products. The...

EBA replies to European  Commission’s call for advice on the Mortgage Credit Directive review

The European Banking Authority (EBA) published today an Opinion and Report in response to the European Commission’s Call for Advice (CfA) on the review of the Mortgage Credit Directive (MCD) .

Get the latest from Regulatory.News in your inbox!

×