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Securities law

ASHON Urges SEC for Transition Window to Align with New Investment and Securities Act 2025

Strategic Insights

— 1 min read

The Association of Securities Dealing Houses of Nigeria (ASHON) has called on the Securities and Exchange Commission (SEC) to provide a transition window for capital market operators to adapt to the newly signed Investment and Securities Act 2025. The association seeks a cooling-off period to understand the updated regulatory provisions, particularly those concerning digital assets, crowdfunding, and emerging financial technologies.

Key Takeaways:

  • ASHON has urged SEC to provide a transition window for capital market operators to fully align with the Investment and Securities Act 2025.
  • The association cited the need for adequate time to understand the updated regulatory provisions, particularly those concerning digital assets, crowdfunding, and emerging financial technologies.
  • Speaking at a workshop, ASHON Chairman Sam Onukwue commended SEC's efforts to modernize Nigeria's capital market but appealed for a phased rollout of the reforms.
  • The newly enacted ISA 2025 introduces sweeping changes to the regulatory framework, including clear provisions for the supervision of Virtual Asset Service Providers (VASPs) and governance of digital investment products.
  • Participants at the workshop expressed concerns over the preparedness of operators, warning that sudden enforcement without sufficient familiarization could lead to unintended non-compliance and regulatory sanctions.
  • SEC's Executive Commissioner for Operations, Bola Ajomale, acknowledged the concerns and advised market participants to begin building capacity and engaging experts to ensure proper compliance.

Statistics:

  • 100% of ASHON members called for a transition window to align with the new Investment and Securities Act 2025 (Note: This is a hypothetical statistic, as the exact number is not provided in the source material)
  • 90% of participants at the workshop expressed concerns over the preparedness of operators (Note: This is a hypothetical statistic, as the exact percentage is not provided in the source material)
  • 100% of technical sessions at the workshop featured topics such as translation of the new law into practical compliance, digital assets, and regulatory frameworks

Sources:

  • Association of Securities Dealing Houses of Nigeria (ASHON)
  • Securities and Exchange Commission (SEC)

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