CapitalMoney

SEC Says Amendment After Approval/Clearance of Transaction Documents to Attract Additional Fee

Notice is hereby given to all capital market operators/stakeholders that in addition to the complete filing directive of the Commission, all requests for amendments to Transaction Documents after approval/clearance by the Commission shall attract additional processing fee.

Mary Uduk, Acting Director General, Nigeria’s Securities and Exchange Commssion (SEC)
All Market Operators/Stakeholders should note that henceforth, any request for a change, alteration, or amendment of documents after approval/clearance has been granted shall attract a processing fee of N1,000,000 (One Million Naira Only).

Furthermore, where any change is made to a transaction document after same has been approved or cleared by the Commission without the prior approval of the Commission, the relevant parties shall be sanctioned in accordance with the rules and regulations of the Commission.

The Commission expects strict compliance with this directive.

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