The Securities and Exchange Commission (SEC) says it will commence regulatory fee on fixed income (bonds) secondary market transactions with effect from January 1, 2022.This was contained in a Circular dated December 15, 2021 and signed by SEC management.
According to the Commission, “This 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 SEC to levy, among others, fees on transactions relating to investments and securities business in Nigeria”.