In view of the recapitalization exercise going on in Capital market,the regulatory institution of Nigeria capital market(SEC) set a minimum amount of money required of every operator as announced in 2013 to have inorder to maintain their licence so as to operate either as a stock broker,fund manager or issuing house.
Securities and exchange commission(SEC) announced the market operators have met its new minimum capital requirement and stated that those that did not meet the new requirement no longer have government approval or license to operate the business again in the capital market. If they continue to do so, they are operating illegally.
Find the list of operators that met the minimum requirement here SEC provisional list
No comments:
Post a Comment