SEC Launches Electronic Registration for Capital Market

The Securities and Exchange Commission (SEC) has initiated a fully electronic registration process for capital market operators in Nigeria, known as the e-Registration platform, which was announced in a statement on Wednesday. This platform allows Capital Market Operators (CMOs) to complete registration processes online, including application submission, regulatory review, approvals, and communication of decisions, thereby eliminating manual processing.

The SEC stated that this initiative is part of its digital transformation agenda, aimed at improving operational efficiency and regulatory oversight. The e-Registration platform is expected to simplify regulatory interactions, reduce administrative bottlenecks, and provide applicants with better visibility into their application statuses.

The implementation will occur in phases, starting with post-registration services for existing CMOs, while applications for new entrants will be announced later. SEC urged all CMOs to familiarize themselves with the new platform to ensure a smooth transition.