Upon the review of the activities of the NASD OTC Market in 2021, we observed that some ParticipatingInstitutions continuously defaulted in complying with NASD’s Market Rules, particularly with respect to therendition of returns, payment of annual fees, contribution to the…
The Securities and Exchange Commission of Nigeria (SEC) recently released a circular on the commencement ofregulatory fee on fixed income (bonds) secondary market transactions, For more details see here
The Securities and Exchange Commission (SEC), recently released a statement by virtue of which itextended the deadline for public companies to comply with its Guidance on the Implementation of Sections60-63 of the ISA (which was issued in March 2021). The…
All Participating Institutions (excluding Custodians and Issuing Houses) are hereby notified that NASD PLC has amended the template for ‘Rendition of Quarterly Returns. For more details see hereh
This is to notify all Registered Participating Institutions yet to make their one-time contribution of₦100,000 (One Hundred Thousand Naira) to the NASD Trade Guarantee Fund that the deadline for payment has been extended to 31 December 2020. For more details…
We refer to the Public Notice in the Business Day Newspaper of Monday, 20 July 2020, captioned ‘Clarification of Administration of Stamp Duties in Nigeria’ issued by the Federal Inland Revenue Service(FIRS). For more details see hereh
In reference to Circular 35 on the one time mandatory contribution to be made into the NASD Trade Guarantee Fund by all registered Participating Institutions on NASD. All Registered Participating Institutions (excluding issuers and custodians) on NASD who are yet…
Participating Institutions are by this Circular required to nominate one account to be maintained as the Proprietary account to ease the deduction of statutory stamp duty charges. For more details see hereh
Please note that effective 25 July 2019, VAT is to be charged on all commissions applicable to capital market transactions which include Commissions – a. earned on the traded value of shares b. payable to the Securities & Exchange Commission…
