SEC Unveils Capital Market Technology Survey

The Securities and Exchange Commission (SEC) of Nigeria has launched a comprehensive technology adoption survey aimed at assessing the integration of advanced digital tools among registered Capital Market Operators (CMOs). This initiative underscores the SEC’s commitment to fostering innovation, enhancing market efficiency, and ensuring investor protection within Nigeria’s capital market.

Objectives of the Survey

The primary goal of the survey is to evaluate the extent to which CMOs are adopting and implementing modern technologies in their operations. By gathering this data, the SEC aims to identify areas where technological advancements can further improve market practices, streamline processes, and bolster transparency. The findings will inform the Commission’s regulatory strategies and support the development of policies that encourage digital transformation within the sector.

Survey Details

• Duration: The survey is accessible from May 5 to May 20, 2025.
• Access: Registered CMOs are required to log in to the SEC’s e-portal using their existing credentials to participate in the survey.
• Contact: For inquiries, participants can reach out via email at innovation@sec.gov.ng.

Strategic Significance

Director-General of the SEC, Dr. Emomotimi Agama, emphasized the importance of embracing technological advancements as a catalyst for growth, operational efficiency, and market resilience. He highlighted that the SEC’s approach to innovation is anchored on three pillars: ensuring investor safety, deepening market activities, and providing solutions to emerging challenges. This strategy aims to create a robust and efficient capital market ecosystem that can adapt to evolving financial landscapes.

Support for Innovation

In addition to the survey, the SEC has introduced the Regulatory Incubation Programme. This initiative allows fintech startups to operate within a controlled regulatory environment for up to one year, providing the SEC with the opportunity to develop appropriate rules and guidelines tailored to their innovative models. The program is designed to support the growth of financial technology while safeguarding market integrity and investor interests.

Conclusion

The SEC’s technology adoption survey represents a proactive step towards modernizing Nigeria’s capital market. By assessing the current state of technological integration among CMOs, the SEC aims to foster an environment conducive to innovation, efficiency, and transparency. This initiative aligns with global trends in financial markets and positions Nigeria’s capital market to compete effectively on the international stage.