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Exposure of Proposed New Rule and Sundry Amendments to the Rules and Regulations of SEC Nigeria

This Rule is proposed to create a robust framework for the regulation and supervision of Capital Market Holding Companies (CMHC).

SEC Reorganizes for Efficiency

The Securities and Exchange Commission (SEC) wishes to draw the attention of all capital market operators to the following reorganization exercise recently approved by the Commission

Speech Given By Mark Carney, Governor Of The Bank Of England, At The London School Of Economics

His insights are also relevant to social choices about macroeconomic stabilisation, including inflation control, and what society is prepared to do to achieve it

Benefits of Credit Bureau Systems

Any economy, especially a developing economy, requires credible and stable Data Credit Reporting Systems to encourage businesses, lenders and providers of services to more willingly extend Credit and Services to Consumers. This is especially with reoccurring financial crisis, lack of collateral and the erosion of capital in the global world economy.

Promoting Higher Quality And Lower Cost In Financial Regulatory Reporting

The OFR posted yesterday a blog by Director Richard Berner, entitled, “Promoting Higher Quality and Lower Cost in Financial Regulatory Reporting.

SEC Publishes Rules on Capital Market Holding Companies, Others for Exposure

The following are proposed rules/amendments for exposure to stakeholders/general public for comments and input.

Central Banks Loosening Their Grip on Markets

In 2017, tightening monetary policy and brighter economic fundamentals could ease markets from the grip of the central banks whose policy in recent years has dominated trading in bonds, shares and other assets.

Guidelines on Securities Settlement in Nigeria

Pursuant to the powers of the Securities & Exchange Commission (SEC) conferred on it by section 13 and further section 312 (3) of the ISA 2007 and in exercise of the powers conferred on the Central Bank of Nigeria (CBN)

Proposed Amendments to Laws Affecting Investment in Nigeria

Further to the resolution passed at the 1st Quarter CMC to review extant laws which affect the investment climate in Nigeria, three Committees were constituted by the Commission in June 2016 to review the following legislation:

SEC Issues Circular on Regulatory Institution Directing Some Persons to Register as Dealing Members

The attention of the Securities and Exchange Commission (the Commission) has been drawn to a circular issued by a regulatory institution directing some persons to register as dealing members with the FMDQ OTC Securities Exchange, an Exchange registered by the Commission.

SEC Directs CMOs to Update Registration Information with the Commission

The Securities and Exchange Commission (SEC) Nigeria pursuant to the powers conferred on it by the Investments and Securities Act (ISA) 2007 hereby directs all Capital Market Operators (CMOs) to fill in information of their current registration status through the link below

Availability of Credit to the Corporate Sector Increases in Q4 2016 - CBN

The availability of secured credit to households increased in Q4, 2016 and was expected to increase in the next quarter. Changing economic outlook remained a major factor behind the increase.

Emefiele's prognosis on the Nigerian Economy and Policy options

KEYNOTE ADDRESS BY GOVERNOR GODWIN I. EMEFIELE, CON AT THE ANNUAL BANKERS DINNER HARBOUR POINT, LAGOS (18TH NOVEMBER 2016)

US SEC Approves Plan To Create Consolidated Audit Trail For Tracking Markets

The Securities and Exchange Commission today voted to approve a national market system (NMS) plan to create a single, comprehensive database known as the consolidated audit trail (CAT) that will enable regulators to more efficiently and thoroughly track all trading activity in the U.S. equity and options markets.

SEC Issues $20 Million Whistleblower Award

The Securities and Exchange Commission today announced an award of more than $20 million to a whistleblower who promptly came forward with valuable information that enabled the SEC to move quickly and initiate an enforcement action against wrongdoers before they could squander the money.

Interchange Fee to Replace Merchant Service Charge; Commences Live Operations May 01, 2017

With the introduction of the Cash-Less Nigeria Project and the release of the Guidelines on PoS Card Acceptance Services, the CBN outlined the Merchant Services Charge (MSC) and the modalities for its operation in the payments system.

Consumer Protection Framework for Banks and OFIs Regulated by the CBN

The Central Bank of Nigeria (CBN) in furtherance of its mandate to promote stable financial system embarked on the development of a Consumer Protection Framework (CPF) to among other things engender public confidence in the financial system.

Weak Regulators and Inefficient Markets

At a time when efforts should be focused on strengthening the public sector and effective regulatory process, we are being bombarded with headlines of strong regulators versus market efficiency that seem to create a wedge between public sector regulators and private sector operators.

African Securities Exchanges Association (ASEA) 2015 Annual Report

It is my pleasure to present to you the 2015/2016 annual report of the African Securities Exchanges Association (ASEA or the Association).

Alberta SEC Adopts Crowdfunding Rule Enabling Alberta’s SME’s To Raise Capital Online

The Alberta Securities Commission (ASC) announced today that it has adopted Multilateral Instrument 45-108 Crowdfunding (MI 45-108). The new rule is available immediately and introduces a crowdfunding prospectus exemption for issuers as well as a registration framework for funding portals.

Shock! NSE Goes Partial, Promotes Listed Product Over Others

NSE on Monday, October 24, 2016 made a quantum leap of faith that crossed the border-line of NEUTRALITY by promoting a listed product over other listed products of same status on the bourse.

SEC Proposes New Rule & Sundry Amendments to its Rules and Regulations

Proposed Rule for the Three-Tiered Know-Your-Customer (KYC) Framework for Capital Market Operators

UK's Financial Conduct Authority: New Rules On Packaged Bank Accounts Have Improved Standards

The Financial Conduct Authority (FCA) has today published findings from its thematic review of packaged bank accounts.

Amendments to the Guidelines on Transaction Switching in Nigeria

In strengthening the electronic payments system landscape in Nigeria, the Central Bank of Nigeria took cognizance of the need for a competitive environment while promoting shared services and innovation.

Modernizing and Enhancing Investment Company & Investment Adviser Reporting

This is an open meeting of the Securities and Exchange Commission on October 13, 2016 under the Government in the Sunshine Act.

Amendments to the Rulebook of the Exchange, 2015 on Proposed Order Handling & Best Execution Rules

The Exchange is proposing amendments to the Rulebook of The Exchange, 2015 (“Rulebook”) (Dealing Members’ Rules) by introducing the Order Handling and Best Execution Rules.

CBN Publishes H1 2016 Financial Stability Report

Global output growth in the first half of 2016 was sluggish and uneven, mainly because of the slow recovery of commodity prices and the impact of the British vote to exit the European Union.

The Place of Low Interest Rates in Central Banking

Being a speech delivered at The 40th Annual Central Banking Seminar, Sponsored By The Federal Reserve Bank Of New York, New York, New York, October 5, 2016,

Risk Management Guidance on Periodic Risk Reevaluation Of Foreign Correspondent Banking

The Office of the Comptroller of the Currency (OCC) is issuing guidance to national banks, federal savings associations, and federal branches and agencies (collectively, banks) regarding periodic evaluation of the risks related to correspondent accounts for foreign financial institutions (foreign correspondent accounts).

Emerging Market Regulators Seek to Strengthen Corporate Governance

The Growth and Emerging Markets (GEM) Committee of the International Organization of Securities Commissions (IOSCO) published today a report that seeks to strengthen corporate governance frameworks.



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