Capital markets officers (CMOs) face a unique set of challenges and opportunities. This page addresses key questions related to capital raising, investor relations, and regulatory compliance.
Ans: Fair knowledge of provisions of the investment and Securities act 2007, SEC rules & regulations and the capital market.
The individuals must be fit and proper persons to operate in the market.
Satisfactory police reports
Satisfactory referees’ reports (banker and immediate previous employer’s reports)
Ans: Interview by the registration committee of the Commission.
Ans: They are required to pay re-appearance fees before being invited for another interview.
Ans: Thirty (30) to sixty (60) days from the date of the last interview.
Ans: The company/firm is expected to notify the Commission within two weeks of its occurrence and where it fails, a penalty is charged for every week of default and completion of form SEC 7.
Ans: The following documents are required to be filed:
copy of form SEC 7 and payment of an amendment fee
copy of board resolution authorizing the change of name/information
copy of amended memorandum and articles of association of the company/firm (certified by CAC)
copy of amended fidelity bond
copy of certificate of incorporation (certified by CAC) note: * all original copies of the above should be brought for sighting by an authorized officer of the commission.
Ans: Through initial registration and renewal of registration every two years.
Monitoring the activities of registered operators.
Undertaking investigations to establish breach of market rules and regulations