Regulatory
CBN Releases Draft Framework for Regulatory Sandbox Operations
In view of increasing consumers appetite for payment solutions and emerging disruptive technology in the financial services space, the Payments System Management Department ...
Regulatory
Business owners will now get CAC certificate with TIN
As part of the Ease Of Doing Business Initiative, the Corporate Affairs Commission (CAC) will now work with the Federal Inland Revenue Service ...
Regulatory
FRC issues timelines compliance with corporate governance code
The Financial Reporting Council (FRC) has issued timelines for corporate entities to report compliance with the National Code of Corporate Governance (NCCG). The ...
Nigeria
SEC clarifies new rules for mutual funds, sets new deadline for compliance
SEC stated that all the fund managers of collective investment schemes are to comply with the new rules. The Security and Exchange Commission ...
Regulatory
SA Regulator Flags Crowd1 as Suspected Pyramid Scheme
South African financial regulators have been taking a renewed critical look at Crowd1 – a nebulous, highly controversial and popular Spanish (or Russian) ...
Regulatory
FRC issues guidelines on Code of Corporate Governance compliance
The Financial Reporting Council of Nigeria (FRC) has released guidelines for reporting in compliance with the Nigerian Code of Corporate Governance. (NCCG 2018). ...
Regulatory
Jay Clayton Leaves US SEC- Crypto Industry Hopeful for Bitcoin ETF Approval
Chairman Jay Clayton is geared to leave the U.S. Securities and Exchange Commission (SEC) after President Donald Trump nominates him to serve as ...
Regulatory
SEC announces additional requirements on offer documents to public
The circular also showed what information to be displayed at the introductory part of the prospectus. The Security and Exchange Commission (SEC) has ...
Regulatory
U.S. pulled out of stalled talks on digital services taxes
The United States Treasury Secretary Steven Mnuchin decided to pull out of negotiations on digital services taxes with European Union officials after they ...
Regulatory
Record breaking GDPR fine imposed in Hungary as a result of a website security vulnerability
Since the GPDR became applicable in 2018, the Hungarian Data Protection Authority (NAIH) has seemed reluctant to impose high administrative fines. Until now ...
