Rules under review:

The Consolidated Rules constitute a Consultative Draft being exposed for the purpose of market - wide consultation, observations and comments before final adoption. 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:

• CONSOLIDATED SEC NIGERIA RULES FOR REVIEW AS AT SEPTEMBER 2011

  Summary of current ammendments can be downloaded here:

• AMENDMENTS TO THE SEC RULES & REGULATIONS  AS AT SEPTEMBER 2011

All laywers should send their observations to the capital market solicitors association, while other operators/stakeholders should address theirs to the following email: rulescommittee@sec.gov.ng

Remarks/observations must be passed on or before 5th March 2011

Current rules:

These are the existing rules for citation and operation

• EXISTING SEC NIGERIA RULES

Previous ammendments:

AMENDMENTS TO THE SEC RULES AND REGULATIONS AS AT 2007
List of ammendments

1.            CUSTODIAN OF SECURITIES 
2.            DEPOSITORIES AND PARTICIPANTS REGULATION - Rule 26
3.            REGULATIONS OF SECURITIES CLEARING SETTLEMENT-RULE 207C
4.            RULES ON SUB-BROKERS
5.            RULES ON SHARE BUY-BACK
6.            AMENDED RULES AND REGULATIONS MARCH 2010
7.            RULES ON MARKET MAKERS
8.            RULES ON BOOKBUILDING

Other useful documents:

• THE INVESTMENTS AND SECURITIES ACT 2007
• CODE OF CORPORATE GOVERNANCE FOR PUBLIC COMPANIES IN NIGERIA
  
• CODE OF CONDUCT FOR SHAREHOLDERS ASSOCIATIONS IN NIGERIA