SEC Commences Full e-registration Process for Capital Market Services – THISDAYLIVE

Kayode Tokede  

The Securities and Exchange Commission (SEC), yesterday said it has commenced the implementation of a fully electronic registration process for capital market operators, enabling designated regulatory services to be completed entirely online as part of efforts to modernise Nigeria’s capital market and improve regulatory efficiency.

The Commission, in a statement said the new electronic registration (e-Registration) platform, deployed through its ePortal, marks another milestone in its digital transformation agenda and its drive to build a technology-driven regulatory environment.

According to the SEC, the platform allows Capital Market Operators (CMOs) to complete designated registration processes online, covering application submission, regulatory review, approvals and communication of decisions, thereby eliminating manual processing for the services included in the current phase.

The Commission said the initiative is expected to simplify regulatory interactions, reduce administrative bottlenecks, shorten processing timelines and provide applicants with greater visibility into the status of their applications.

It added that the migration to a fully digital registration system would improve operational efficiency while strengthening regulatory oversight through standardised workflows, electronic documentation, secure digital record management and enhanced audit trails.

“The new platform represents a major step towards creating a seamless digital regulatory ecosystem that enhances operational efficiency while strengthening regulatory effectiveness,” the Commission said.

The SEC explained that the e-Registration platform aligns with its strategic objective of leveraging technology to improve market efficiency, enhance the ease of doing business and deliver…