SEC Increases Capital Requirement for ALL Market Operators, Sets June 2027 Deadline….details

The Securities and Exchange Commission (SEC) has officially announced an increase in  minimum capital requirements for all categories of capital market operators (CMOs).

The SEC, in a circular in Friday, said the upward review was informed by the need to strengthen market resilience, enhance investor protection.

Under the new policy, the capital base for tier 2 “issuing houses with underwriting” is now N7 billion — up from N200 million, while that of trustees was increased to N2 billion from N300 million.

….readmore:thecable.ng/breaking-sec-i…

….stay tuned for more!