E-IPO Committee Develops Guidelines for Electronic Initial Public Offering Platforms
The Electronic Initial Public Offering (e-IPO) Committee, comprising various stakeholders from the Nigerian financial market, has completed its assignment and submitted its report. Recent developments include the development of draft guidelines for e-IPO platform providers, which have been submitted to the Securities and Exchange Commission (SEC) for review and feedback. Stay updated on the progress of e-IPO in Nigeria with the latest updates from the committee.
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Presentation Transcript
UPDATE ON E-IPO COMMITTEE March 2019
The electronic Initial Public Offering (e-IPO) Committee was constituted on April 25, 2018; Chaired by Mr. Seyi Owoturo with representatives from: Association of Stockbroking Houses of Nigeria (ASHON) Association of Issuing Houses of Nigeria (AIHN) Fund Managers Association of Nigeria (FMAN) Institute of Capital Market Registrars (ICMR) Capital Market Solicitors Association (CMSA) Nigeria Inter-bank Settlement System (NIBSS) Nigeria Stock Exchange (NSE) Central Securities Clearing System (CSCS) Securities and Exchange Commission (SEC)
Terms of Reference:: Collation of the various stakeholders positions/recommendations on e-IPO; Prepared e-IPO blueprint; Review of the current SEC Rules and Regulations and/or propose new Rules for the operation of e-IPO; Recommend modalities for implementation.
RECENT DEVELOPMENTS FROM LAST CMC MEETING The Committee has concluded the assignment and submitted it s report. We were further mandated by the CMC to develop draft guidelines on the establishment, management of providers of e-IPO platforms; registration and The guidelines have been developed and summited to the SEC. The SEC has exposed the draft guidelines for comments and input from the Market.
