Acts
The foundational Acts empowering SEC to regulate and operate efficiently in financial markets.
Understanding the Investment and Securities Act, 2007 (ISA, 2007)
The Investment and Securities Act 2007 serves as Nigeria's foundational document for all things related to securities and investments. It covers essential aspects, including:
- Regulatory Authority: The ISA establishes the Securities and Exchange Commission (SEC) and the Investments and Securities Tribunal (IST) as regulatory authorities ensuring market fairness.
- Securities Basics: Discover the principles behind stocks, bonds, and other financial instruments, and how they are issued, traded, and disclosed.
- Market Operators: Learn about the licensing and registration requirements for market participants such as stockbrokers, investment advisers, and fund managers.
- Market Mechanics: Explore the operational details of securities exchanges, including rules for listing and delisting, ethical standards, and surveillance.
- Investor Protection: The ISA, 2007 prioritizes investor protection by ensuring transparency and addressing grievances professionally.
- Market Integrity: Find out how the ISA, 2007 combats market abuse and insider trading to maintain market integrity.
- Collective Investments: Learn about the regulation of collective investment schemes, like mutual funds, designed to safeguard investors' interests.
- Market Evolution: The ISA, 2007 encourages innovation, promoting the introduction of new financial products and services.
A Deeper Dive
This summary provides a glimpse into the Investment and Securities Act (2007)'s rich content. To delve into the full document and gain a comprehensive understanding of Nigeria's capital market, click below to download it. Embark on a journey of financial knowledge, empowerment, and opportunities.
With the ISA as your guide, you're on the path to becoming a knowledgeable participant in Nigeria's dynamic financial landscape. Enjoy your reading, and may your financial endeavors be successful!