Aggregated News From Investment Management Regulators

Current Position on CMO Recapitalization Exercise


Please complete the required fields.

This is to clear the misconception in the media of the pronouncement made by the DG of SEC regarding the grace period of December 31, 2016 given to non-capitalized CMOs.

The general public is to note that the deadline for recapitalization has not been extended. However, the Commission will commence the process of cancellation of registration of non-capitalized CMOs after December 31, 2016. During this grace period, any CMO that provides evidence of compliance would be admitted.

The current position is that the non-capitalized CMOs remain suspended.

Signed Management

May 9, 2016

Source link

Regulator Information

Abbreviation: SEC NG
Jurisdiction: Nigeria

Recent Articles

SEC Charges Two Canadian Software Engineers with Insider Trading

Washington D.C., Sept. 30, 2022 — The Securities and Exchange Commission today announced insider trading charges against two Canadian software engineers who made $1.

AMF Chair: Proposal to appoint Marie-Anne Barbat-Layani

Yesterday, the President of the Republic put forward the name of Marie-Anne Barbat-Layani to chair the AMF.

Get the latest from Regulatory.News in your inbox!