SEC introduces electronic filing system to reduce listing time in capital market

Emomotimi Agama, director-general of the Securities and Exchange Commission , says various initiatives have been implemented to reduce time to market and improve efficiency in the capital market.

This, the SEC boss said, would allow companies to access capital more quickly, increase liquidity in the market and enable firms to allocate resources more efficiently, thereby driving economic growth. He said the system facilitates faster processing of applications by automating various steps, reducing manual paperwork, and facilitating broader participation.

“The Commission launched and conducted a targeted bi-annual training for Issuing Houses to enhance time to market and fast-track review of applications.”Speaking further, Agama said in June, the commission issued a framework for the banking sector recapitalisation programme, which outlines the guidelines and procedures banks are required to follow to raise capital during the period to ensure a smooth, transparent, and efficient process.

France Dernières Nouvelles, France Actualités

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