The Securities and Exchange Commission (SEC) has urged Capital Market Operators (CMOs) to renew their registration by January 31, 2025. A circular issued by the commission outlines that the annual renewal process will run from January 1 to January 31, 2025.
The directive aims to ensure that only qualified and trustworthy individuals and firms operate within Nigeria’s capital market. SEC emphasized that CMOs who fail to complete the renewal process within the specified period will face penalties and may be barred from engaging in capital market activities.
This initiative was reintroduced by the SEC in 2021, with the goal of maintaining a reliable and up-to-date database of active and registered capital market operators in Nigeria. The periodic renewal process is designed to improve oversight and ensure that only fit and proper persons are allowed to participate in the market.
