SEC to Consider Applications from Aspiring Capital Market Operators

2 hours ago 27 save

Place your adverts here on InfoDig @ low rates; banner ads, sponsored links and guest articles etc. Contact us

The Securities and Exchange Commission (SEC) has scheduled its third registration meeting for 2024.

According to a circular released by the SEC today, Monday, 28 October 2024, the meeting will consider applications from aspiring capital market operators, among other stakeholders.

The circular further reads that “Applications will be accepted from aspiring capital market operators regarding the registration of additional sponsored individuals, the transfer of existing sponsored individuals to new firms, changes in the status or function of sponsored individuals, and the registration of additional functions by existing capital market operators.”

According to the Securities and Exchange Commission (SEC), “the registration meeting will be held from 29 October to 1 November 2024, with an Oral/Virtual Interview (OVI) for Executives and MDs/CEOs from 29 October to 1 November 2024, and a Computer-Based Written Assessment for sponsored individuals on 30 October 2024.”

The venue for the Computer-Based Written Assessment is the Centre for Management Development (CMD), located at Management Village, Shangisa (off Lagos-Ibadan Expressway), Lagos.

SEC’s activities include developing and regulating a capital market that is dynamic, fair, transparent, and efficient, as well as contributing to the nation’s economic development.

In its regulatory role, the Commission undertakes various activities to protect investors and market operators, ensuring market integrity. This regulation is carried out through the deployment of the following tools:

– Registration of securities and market intermediaries to ensure that only fit and proper persons or institutions can operate in the market.
– Instruments and persons registered in the market include Securities/Commodity Exchanges, Capital Trade Points, Futures, Options, and Derivatives Exchanges, as well as Depository, Clearing, and Settlement agencies.
– Other registered entities include Capital Market Operators, Issuing Houses, Securities Dealers, Stock Brokers, Sub-brokers, Registrars, Transfer Agents, Trustees, Reporting Accountants, Solicitors, and Investment Advisers.