SEC Launches Electronic Registration for Capital Market Operators

The Securities and Exchange Commission (SEC) has initiated a fully electronic registration system for capital market operators in Nigeria, marking a significant advancement in its digital transformation efforts. This new electronic registration (e-Registration) platform, accessible via the Commission’s ePortal, allows designated regulatory services to be completed online, thereby eliminating manual processes for services included in the current phase.

The SEC stated that Capital Market Operators (CMOs) can now electronically manage post-registration processes, including application submissions, regulatory reviews, approvals, and communication of regulatory decisions. The platform aims to simplify interactions, reduce administrative bottlenecks, and provide real-time visibility into application statuses.

The SEC emphasized that this transition will enhance operational efficiency through standardized workflows and secure digital record management. Currently, the e-Registration platform is limited to existing operators, with plans to introduce electronic processing for new registrations in the future.

The SEC has urged licensed operators to familiarize themselves with the new system to ensure a smooth transition.