The Securities and Exchange Commission (SEC) has issued a reminder to Capital Market Operators (CMOs) to renew their registration for the 2025 operational year no later than January 31, 2025.

This directive was communicated through a circular urging CMOs to commence the annual renewal process from January 1, 2025.

In a statement, the SEC noted that the annual renewal of registration is designed to ensure that only fit and proper individuals or entities operate within Nigeria’s capital market.

The statement added that the exercise would be conducted electronically, with CMOs required to submit proof of their 2025 annual subscription payments to their respective trade groups as part of their renewal application.

The SEC stated: “This is to inform all Capital Market Operators (CMOs) and the general public that the annual renewal of Registration of CMOs for the year 2025 will commence from January 01, 2025. All CMOs applying for renewal are required to include their 2025 annual subscription receipt from their respective trade groups as part of their application.”
It further explained that all CMOs are required to complete their registration renewal through the SEC’s designated portal at www.eportal.sec.gov.ng on or before January 31, 2025. For inquiries or support, CMOs can contact the Commission via email at [email protected].
The SEC warned that CMOs who fail to meet the deadline or secure valid registration would face penalties and could be barred from conducting capital market activities.

The Commission first reintroduced the requirement for annual registration renewal in 2021, citing the need for a reliable database of active and registered CMOs in the Nigerian capital market.

This measure aims to ensure that local and foreign investors, regulatory agencies, and the public can access accurate and up-to-date information on market operators.
The initiative also seeks to curb unethical practices that could undermine investor confidence and harm the capital market’s reputation.

Additionally, it enhances the SEC’s ability to supervise and monitor CMOs effectively.

To facilitate the renewal process and improve efficiency, the Commission amended its rules, mandating that the registration renewal process be conducted electronically.