{"id":54740,"date":"2021-12-17T21:36:38","date_gmt":"2021-12-17T20:36:38","guid":{"rendered":"https:\/\/nationalwire.com.ng\/?p=54740"},"modified":"2021-12-17T21:36:38","modified_gmt":"2021-12-17T20:36:38","slug":"sec-capital-market-operators-to-pay-regulatory-fee-on-bond-transactions-from-jan-1","status":"publish","type":"post","link":"https:\/\/nationalwire.com.ng\/sub\/sec-capital-market-operators-to-pay-regulatory-fee-on-bond-transactions-from-jan-1\/","title":{"rendered":"SEC: Capital Market Operators To Pay Regulatory Fee On Bond Transactions From Jan 1"},"content":{"rendered":"

The Securities and Exchange Commission (SEC) says it will charge a regulatory fee on fixed income (bonds) transactions at the secondary market with effect from January 1, 2022.<\/p>\n

The development was contained in a circular dated December 15 and signed by the management of SEC.<\/p>\n

According to the circular, SEC will charge 0.025 percent of the total value of all secondary market transactions on bonds.<\/p>\n

It added that the securities exchange on which the transaction occurs will charge an amount not exceeding 0.025 percent of the total value of secondary market transactions.<\/p>\n

However, bond transactions by dealing members would attract a single regulatory fee of 0.0001 percent of the total value of the secondary market transactions on bonds and are exempt from the 0.025 percent fee earlier stated.<\/p>

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Advertisement<\/div>\r\n\t\t\t\t\t\t\t<\/a>\r\n \r\n\t\t\t\t\t\t\t<\/div>\n

\u201cThis circular is made pursuant to Section 13(u) of the Investments and Securities Act (ISA), 2007 and Schedule 1, Part D of the SEC Rules (Registration Fees, Minimum Capital Requirements, Securities and others) which empower the Securities and Exchange Commission (SEC) to levy, among others, fees on transactions relating to investments and securities business in Nigeria,\u201d the circular reads.<\/p>\n

\u201cCapital Market Operators (CMOs) and stakeholders generally are hereby notified that: A regulatory fee structure on secondary market transactions on Bonds will take effect from January 1, 2022.<\/p>\n

\u201cSecondary market transactions on Bonds shall include bond transactions executed on a Securities Exchange (Exchange), reported by voice or by any other means to an Exchange as having being transacted thereon or of which the information of the transaction details are featured on the Exchange\u2019s platform for purposes including but not limited to onward transmission to a Depository for settlement, price discovery and corporate disclosure.\u201d<\/p>\n

The commission stated that the circular supersedes previous directives.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Securities and Exchange Commission (SEC) says it will charge a regulatory fee on fixed income (bonds) transactions at the secondary market with effect from January 1, 2022.<\/p>\n","protected":false},"author":6,"featured_media":54741,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[23,17],"tags":[575],"coauthors":[2391],"class_list":["post-54740","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-business","category-news","tag-sec"],"yoast_head":"\nSEC: Capital Market Operators To Pay Regulatory Fee On Bond Transactions From Jan 1 - National Wire<\/title>\n<meta name=\"description\" content=\"The Securities and Exchange Commission (SEC) says it will charge a regulatory fee on fixed income (bonds) transactions at\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/nationalwire.com.ng\/sub\/sec-capital-market-operators-to-pay-regulatory-fee-on-bond-transactions-from-jan-1\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SEC: Capital Market Operators To Pay Regulatory Fee On Bond Transactions From Jan 1 - 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