The Securities and Exchange Commission (SEC) has issued a critical reminder to Capital Market Operators (CMOs) to complete their annual registration renewals by January 31, 2025.
According to a circular released by the Commission, the renewal process will be accessible from January 1 through January 31, 2025. The directive underscores SEC’s commitment to ensuring that only certified professionals and firms operate within Nigeria’s capital market.
Highlighting the importance of the exercise, SEC stated:
“This is to inform all Capital Market Operators (CMOs) and the general public that the annual renewal of registration for the year 2025 will commence from January 1, 2025.
“All CMOs applying for renewal are required to include their 2025 annual subscription receipt from their respective trade groups as part of their application.
“In line with the Commission’s Rules & Regulations, all CMOs are to complete the renewal process on or before January 31, 2025, via the renewal of registration portal www.eportal.sec.gov.ng. For enquiries or support, contact registration@sec.gov.ng.”
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The Commission emphasized that operators who fail to meet the deadline will face penalties, including being barred from conducting capital market activities.
Periodic registration renewals, which were reintroduced in 2021, aim to maintain an up-to-date database of active CMOs and bolster confidence in the Nigerian capital market. This move enhances transparency, provides reliable information for local and international investors, and strengthens SEC’s oversight capabilities.
By mandating annual renewals, SEC also seeks to curb unethical practices that could undermine investor confidence and disrupt the market’s stability. The digital registration process further ensures efficiency and accuracy in monitoring operators’ compliance.
Capital Market Operators are urged to act promptly to meet the January 31 deadline and maintain their regulatory compliance.
