The Securities and Change Fee (SEC) has said that every one Capital Market Operators (CMOs) should declare their compliance stage and be sure that all tradable devices are registered in accordance with the Investments and Securities Act (ISA) 2025 by January 2026.
The director-general of SEC, Dr Emomotimi Agama, disclosed this on the fee’s Journalists’ Academy 2025 held yesterday in Lagos with the theme: ‘The ISA 2025 and The Way forward for Nigeria’s Capital Market: Innovation, Safety, and Progress’.
Agama said that anybody promoting a tradable instrument should determine with the fee and guarantee its registration throughout the specified interval.
The SEC DG represented by the commissioner of Operations, Bola Ajomale, stated the ISA 2025 would function a strong basis for the capital market Nigeria wants and deserves.
“If we get this proper, ISA 2025 will function a strong basis for the capital market Nigeria wants and deserves: deep, environment friendly, progressive, and globally aggressive.
“The ISA 2025 is greater than a alternative for the 2007 Act. It’s a forward-looking instrument designed to reposition Nigeria’s capital marketplace for a quickly altering world,” he stated.
He added that it strengthens the fee to guard traders, empower market operators and align Nigeria with international finest follow whereas addressing uniquely Nigerian challenges.
“One of the crucial transformative points of the ISA 2025 is the readability it brings to the mandate of the Securities and Change Fee.
“For the primary time, the Act explicitly units out the regulatory aims, capabilities, and powers of the Fee, together with appearing within the public curiosity, defending traders, sustaining truthful and clear markets, stopping illegal practices, decreasing systemic threat, and supporting capital formation,” he added.
In response to him, this readability strengthens regulatory authority and enhances institutional accountability.
He added that it additionally eliminates the ambiguities that beforehand difficult enforcement actions and improves the alignment of the SEC’s work with nationwide financial targets.
Agama stated the Act expands the fee’s investigative capability not solely over regulated entities, but in addition over unrelated third events the place obligatory for enforcement.
“This closes a significant loophole that hindered earlier investigations into market abuse and complicated monetary schemes,” he stated.
Agama stated the Act represents a collective resolve to modernise our capital-market structure.
He famous that a number of elements made this reform obligatory: the rise of digital buying and selling, fintech platforms, and digital belongings; the inadequacies of the earlier Act in addressing Ponzi schemes, systemic dangers, and new financing buildings, amongst others.
Agama added that the necessity for stronger alignment with IOSCO requirements and the crucial to deepen Nigeria’s capital market as a device for nationwide improvement led to its assessment.
“One of the crucial transformative points of the ISA 2025 is the readability it brings to the mandate of the Securities and Change Fee,” he stated.
