84 CAPITAL MARKET OPERATORS DEREGISTERED.

The Nigerian Securities and Exchange Commission has finally deregistered 84 capital market operators for being inactive.
According to SEC notice on it's website, this was in furtherance of the provisions of Section 39(1) & (2) of the Investment and Securities Act 2007.
Of the 84  about 33 were fund or portfolio managers, while about 27 were stockbrokers.
The rest were involved in more than one activity before they became inactive.
However, about four were issuing houses; two were Trustees while there was one rating agency on the list.
It will be recalled that earlier a listed group of capital marker operators had been asked by SEC to give course before September 15, 2015 why they should not be deregistered.
There were 94 operators in that original list and apparently this got trimmed to the 84 now deregistered.

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