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:

• EXISTING SEC NIGERIA RULES

Rules under review:

• NEW AMENDMENTS TO THE SEC RULES ON MARKET MAKING (MARCH 2012)

Operators/stakeholders shouldsend their comments to : rulescommittee@sec.gov.ng

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

• CONSOLIDATED SEC NIGERIA RULES FOR REVIEW AS AT SEPTEMBER 2011

  Summary of the 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

Older 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