June 24, 2021/SEC Nigeria
Summary of Sundry Amendments
- Proposed Amendment to Rule 107: Custody and Transfer of Unclaimed Monies
- Proposed Amendment to the National Investor Protection Fund (NIPF) Rules
All comments and input should be forwarded by e-mail to the Secretariat, Rules Committee of the Commission, at rulescommittee@sec.gov.ng or by letter addressed to the Director-General, SEC, not later than two (2) weeks from date of publication.
Proposed New Rule
- Proposed Rule on Unclaimed Dividends (E-Dividend Mandate) (Re-Exposure)
Details of the proposal are as follows:
The following rules were exposed in April 2021. However, due to the inclusion of some comments received from stakeholders and further review by the Rules Committee, there is a need to re-expose the rules to reflect the new amendments for the information of the public.
