The Securities and Exchange Commission (SEC) has proclaimed higher minimum capital thresholds for all capital market operators (CMOs) to fortify market resilience and enhance protection for investors.
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According to the revised policy, tier 2 issuing houses that engage in underwriting are now required to possess a capital base of N7 billion, a significant increase from the previous N200 million. Similarly, the capital requirement for trustees has been boosted to N2 billion, up from N300 million.
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