By; PETER NOSAKHARE, Kaduna
Weeks after announcing the registration of five fintech companies, the Securities and Exchange Commission (SEC) has opened the regulatory incubation programme for fintech firms operating or seeking to operate in the Nigerian Capital Market.
This was contained in a circular issued by the commission.
According to the circular, the portal would be opened till May 26, 2023 and registered capital market operators, as well as unregistered fintech innovators that required regulation, were encouraged to apply.
The SEC said the move to open a portal came from a 2021 circular where the commission announced the imminent roll-out of the SEC Regulatory Incubation program.
The Commission said, “Please refer to the Securities and Exchange Commission circular of June 2021 announcing its Regulatory Incubation programme for fintech firms operating or seeking to operate in the Nigerian capital market.”
