By Abubakar Yunusa
The Securities and Exchange Commission (SEC) says it has begun the technology adoption assessment for registered capital market operators (CMOs).
The commission made the announcement in a notice posted on its website on Tuesday.
According to the SEC, the exercise was to assess the adoption of advanced technologies among registered CMOs.
“The following technology adoption survey is designed by the Commission to assess the adoption of advanced technologies among registered Capital Market Operators (CMO),” the notice reads.
“All registered CMOs should access and complete the survey by logging in to the e-portal https://eportal.sec.gov.ng/survey with their current access credentials.
“This survey will be available for two weeks, between 5-20 May 2025.”
The SEC called on all capital market operators to direct their enquiries to innovation@sec.gov.ng.
On June 14, 2024, Emomotimi Agama, the director-general of the SEC, urged capital market operators to embrace innovation and remain vigilant about its risks.
He said the SEC was aware of the new financial products and services emerging due to technology and is committed to modifying its regulations to address them.
On March 16, the commission announced plans to name and shame capital market operators violating market regulations.
The commission described the initiative as part of its broader strategy to uphold market integrity and boost investor confidence.
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