SEC Proposes New Rules, Amendments on E-dividends, Transmission of Shares, Direct Cash Settlement

March 13, 2019/SEC

All comments and input should be forwarded by e-mail to the Secretariat, Rules Committee of the Commission, at rulescommittee@sec.gov.ngor by letter addressed to the Director-General, SEC, not later than two (2) weeks from date of publication.

New Rules

1. Proposed Rules on E-Dividend Mandate
2. Proposed Rules on Transmission of Shares
3. Proposed Rules on Direct Cash Settlement (Re-Exposure) 

Major Amendments

1. Proposed amendment to Rules on Related Parties Transaction and Conflict of Interest
2. Proposed amendment to Rules on Collective Investment Schemes (Re-Exposure)

Sundry Amendments

1. Proposed amendment to Rule 14- Appointment of Compliance Officer
2. Proposed amendment to Part C (Schedule I) – Securities Offering