The Securities and Exchange Commission (SEC) Nigeria has directed all capital market operators and issuers to ensure that any application filed with the Commission complies fully with the requirements of its Rules and Regulations.
A statement signed by the management of SEC said that the directive is pursuant to the powers conferred on it by the Investments and Securities Act (ISA) 2007.
It directed that all supporting documents, in the approved format, should accompany applications at the time of filing as any incomplete filing would be rejected outright.
“Consequently, all market operators/issuers shall ensure that deficiencies or queries raised on their applications are promptly addressed within a reasonable time frame or as may be stipulated by the Commission.
“A comprehensive checklist for filing all offer applications is available on the SEC website for proper guidance” the statement added.