The Securities and Exchange Commission (SEC) has announced that all Capital Market Operators (CMOs) must complete their annual registration renewal by January 31, 2025.
In a recently issued circular, the Commission emphasized that the renewal process, which began on January 1, 2025, is a mandatory requirement to maintain operational status in the Nigerian capital market.
“All CMOs applying for renewal are required to include their 2025 annual subscription receipt from their respective trade groups as part of their application,” the SEC noted.
The renewal process must be completed through the Commission’s online portal (www.eportal.sec.gov.ng). The SEC also provided an email address (registration@sec.gov.ng) for inquiries and support.
The Commission warned that CMOs failing to renew their registration by the deadline risk penalties and exclusion from market activities.
The annual renewal requirement, reintroduced in 2021, aims to maintain a reliable database of registered and active CMOs, provide updated information for stakeholders, and enhance market integrity. By strengthening oversight, the SEC seeks to curb unethical practices, bolster investor confidence, and improve regulatory supervision.
The electronic renewal system was designed to streamline the process, ensuring efficiency and compliance.
