SECNIGERIA SETS UP PLATFORM FOR INNOVATIONS

You can now find out the regulatory environment around any idea or innovation targeted at the Nigerian capital market without committing yourself to immediately applying for registration.

According to the Securities and Exchange Commission of Nigeria (SECNigeria) in a tweet published July 4, this year, the platform is meany for innovators and start ups to fill Regulatory Sandbox Assessment form online.

In this form, people with new ideas, products, services and activities targeted at the market that require prior registration can access live guidance provided by SEC on attendant regulations without first meeting such regulations.

On line the form is in 3 pages and the first contains field for email address, full name, nature of the business or innovation, website and sector. This page once field leads to subsequent two pages.

No initial  payments are required and the aim, apparently is to help innovators and start ups to navigate the various rules and regulations of SEC with ease through SEC's guidance.

There are no restrictions either on who can fill the form: Individuals, companies, registered operators; entities seeking registration etc.

Meanwhile, according to a notice on its website, SEC is yet to receive any formal application from MTN for its much talked about public offering of shares.

SEC added that if and when the company applies formally, the application will be given due attention as required by law guiding the Nigerian capital market.