The Capital Market Operators, CMOs, have been advised by the Securities and Exchange Commission, SEC, to ensure that they renew their registration on or before January 31, 2025.
A circular issued by the commission directs the operators to begin this annual renewal of registration from January 1 to January 31, 2025.
It is aimed at ensuring that only fit and proper persons operate in the Nigerian capital market during the annual renewal of registration of Capital Market Operators.
The Commission emphasised that CMOs without valid registration will be penalised and may be excluded from carrying out capital market activities.
The SEC had, in 2021, reintroduced periodic renewal of registration by capital market operators, which was premised on the need to have a reliable data bank of all CMOs registered and active in the Nigerian capital market.
