Know the Rules
Current rules:
For the purpose of their operations, operators should rely on the specific rules governing the transactions in which they are engaged. These rules can be found here:
Some amendents and new rules have however been made since publication of the above rules, so check from the list below to see if the rule you are interested in has been updated.
New Rules and Amendments (2008 till Date):
FEB 2013
Rules on the use of Nominee accounts
Rules on Sukuk issuance in Nigeria
Sundry amendments February 2013 (Conserning: Real estate, mandate to purchase shares, rating agencies, risk management,profit forecast etc)
APRIL 2012
SEPTEMBER 2011
Rules on Funds of Funds and Feeder Funds
Sundry Amendments September 2011
JANUARY 2011
Rules on Securities Lending and Borrowing
Rules on Islamic Fund Management
Rules on Exchange Traded Fund
Rules on Payment of Dividends
Rules on Custodial Services for Registered Collective Investment Schemes
Rules on Collective Investment Schemes on Unlisted Securities
Rules on Negotiated Settlement
Rules on Conditions for grant of waiver on bonds that are not backed by an irrevocable letter of authority
Sundry Amendments January 2011
OCTOBER 2010
SEC CBN Rules on Margin Lending
MAY 2010
Rules on Inter-Dealer Brokers
MARCH 2010
Rules on Mergers
Rules on Issuance of Corporate Bonds (ammended: check for update in Sundry ammendments September 2011)
Rules on Money Market Funds
Rules on Regulation of Public Companies
Rules on Bonus Issues
Rules on APC Procedures
Sundry Amendments 2010
AUGUST 2009
Rules on Sub-Brokers
MARCH 2009
Rules on Book building (ammended: check for update in Sundry ammendments September 2011)
SEPTEMBER 2008
Rules on Market Makers (ammended: check for update in Sundry ammendments March 2012)
Rules on Share Buy-Back (ammended: check for update in Sundry ammendments March 2010)
APRIL 2008
Rules on Custodian of Securities, Depositories and participants, Securities clearing and lending
Other useful documents: