October 27, 2022/SEC Nigeria

The Securities and Exchange Commission (SEC) has issued an exposure draft of the new rules proposed to the Rules and Regulations of the commission.

Summary of New Rules

1. Registration Requirement for Collateral Management Companies
2. Registration Requirement for Warehouse Operators
3. Registration Requirement for Warehouses
4. Application Form for Registration as a Collateral Management Companies
5. Application Form for Registration as a Warehouse Operator
6. Application Form for Registration of a Warehouse

Details of the proposal can be accessed in the attached PDF document.

Click here to read full PDF copy of proposal