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SEC bars unregistered operators from capital market after May 31

SEC bars unregistered operators from capital market after May 31 On By Obas Esiedesa, Abuja The Securities and Exchange Commission, SEC, has declared that Capital Market Operators, CMO, who fail to renew their registration before May 31, 2021, will not be allowed to operate in the market. The Commission which issued an update on CMOs registration on Monday explained that those yet to renew their registration at the expiration of late filing which is May 31, 2021, “shall not be eligible to operate in the capital market”. SEC management in the circular stated that “in line with the requirements for renewal of registration, all CMOs were required to have completed the renewal process on or before April 30, 2021”.

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