The Securities and Exchange Commission (SEC) has issued a stern warning to market operators, emphasizing that failure to renew their registration could result in hefty fines and other regulatory actions. The directive is part of SEC’s ongoing efforts to ensure compliance and maintain transparency in Nigeria’s capital market.
In a recent circular, SEC reminded operators that registration renewal is a mandatory requirement for all entities engaging in capital market activities. The commission noted that non-compliance not only undermines regulatory oversight but also poses risks to the integrity of the market and investor confidence.
“Operators who fail to renew their registration will face penalties as stipulated by the law. This measure is aimed at enforcing compliance and protecting the interests of investors,” SEC stated.

The commission also outlined the steps for renewal, urging operators to submit the required documentation and pay the applicable fees before the deadline. SEC reiterated that its enforcement team would intensify monitoring and inspections to identify defaulters.
Market analysts have lauded the commission’s stance, noting that stringent enforcement of regulations is essential for fostering trust and stability in the financial system. However, they also called for greater awareness and support to help smaller operators navigate the registration process.
In addition to enforcing compliance, SEC has encouraged operators to update their internal processes and adopt best practices to align with global standards. The commission emphasized that regular registration renewals provide an opportunity to verify the operational capacity and financial health of market participants.
Operators are advised to act promptly to avoid disruption to their operations and the potential reputational damage that comes with penalties. With SEC’s renewed focus on compliance, stakeholders believe the move will contribute significantly to strengthening Nigeria’s capital market and enhancing its global competitiveness.
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