SEC gives final deadline to capital market operators with stale details

Mounir Gwarzo

The Securities and Exchange Commission (SEC) Nigeria has given another ultimatum to Capital Market Experts or Professionals provide updated information of their companies/firm.

The SEC said many capital markets experts including Reporting Accountants, Solicitors, and Estate Surveyors/Valuers etc. did not respond to the request.

The SEC warned all concern parties to indicate their interest in retaining their registration with SEC as Capital Market Experts or Professionals by providing updated information on their firms using the link provided below;

Capital Market Operators Data Update

They are also reminded that the minimum number of Sponsored Individuals required for their registered function is three (3), including a Compliance Officer.

In recognition that a larger number of Capital Market Experts or Professionals have offices in Lagos, the Commission in January 2017 relocated its Registration and Inspectorate Divisions to Lagos. The concerned Capital Market Experts or Professionals are enjoined to visit any of the Commission’s Offices listed below for further clarification:

Head Office – Abuja SEC TOWERS, Plot 272, Samuel Adesujo Ademulegun Street, Central Business District, P.M.B:315, Garki, Abuja.

Lagos 3, Idejo Street, Opposite ICON House,Off Adeola Odeku Street, Victoria Island P.M.B:12638 Marina, Lagos State

Kano African Alliance House (4th Floor), F1, Sani Abacha Way/Airport Road, Opposite KLM Airlines, Kano, Kano State.

Port-Harcourt 31 Woji Road, GRA Phase 2, Port-Harcourt, Rivers State.

All concerned Capital Market Experts or Professionals are required to comply with this directive on or before July 31, 2017 as any firm whose response is not received within this time frame would be considered inactive and the SEC would exercise its power to revoke its registration.

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