The level of compliance with the filing of returns by capital market operators rose to 96 per cent in 2022 compared with 81 per cent in 2021, the Securities and Exchange Commission revealed in a statement on Sunday.
He said, “The Commission released guidelines on the implementation of Sections 60-63 of the Investments and Securities Act 2007. The NCMI organised training for CEOs, CFOs, and other officers of public companies to facilitate their compliance. The Commission also provided filing options for Audited and Fourth Quarter Financial Statements.
“The Commission has conducted the Risk Based Supervision examination on 20 capital market subsidiaries of five financial holding companies aimed at supporting the entire financial system stability. “To further protect investors and boost confidence in the market, the Commission has commenced implementation of 100 per cent custody requirement on all collective investment schemes.
Yuguda disclosed that a comprehensive on-site inspection exercise was successfully carried out on the 95 registered Fund Managers to ensure that both the Public and Private Funds registered by the commission were being operated in line with the relevant Rules and Regulations.All rights reserved. This material, and other digital content on this website, may not be reproduced, published, broadcast, rewritten or redistributed in whole or in part without prior express written permission from PUNCH.
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