SEC To Review Applications For Capital Market Operators

The Securities and Exchange Commission (SEC) has revealed that the commission will focus on applications from aspiring capital market operators and other relevant stakeholders in its third registration meeting for 2024.

The meeting scheduled for October 29 to November 1, was announced in a recent circular, stating that the meeting will focus on applications from aspiring capital market operators and other relevant stakeholders.

The commission will review applications for the registration of additional sponsored individuals, transfers of sponsored individuals to new firms, changes in the roles or functions of current sponsored individuals, and the registration of additional roles by existing operators. The registration process also includes an Oral/Virtual Interview (OVI) for senior executives and managing directors from October 29 to November 1, as well as a Computer-Based Written Assessment for sponsored individuals on October 30. The assessment will take place at the Centre for Management Development (CMD) in Lagos.

The SEC is committed to developing a fair, transparent, and efficient capital market that supports Nigeria’s economic growth. To ensure market integrity, the SEC maintains a stringent registration process that approves only qualified entities to operate within the capital market. Registered entities include securities and commodity exchanges, capital trade points, depository and clearing agencies, as well as brokers, trustees, registrars, solicitors, and investment advisers.

Through these regulatory measures, the SEC aims to safeguard investors, maintain high standards among market participants, and foster a dynamic capital market that aligns with national economic objectives.