Pursuant to Section 313(6) of the Investments and Securities Act 2007, the following amendments are made by the Commission.
Amendment to Schedule I of the Rules and Regulation
The new minimum capital requirements for Capital Market Operators are as follows:
| S/N | OPERATORS | MINIMUM CAPITAL REQUIREMENT |
| 1 | Broker/Dealer | N300 million |
| 2 | Broker | N200 million |
| 3 | Dealer | N100 million |
| 4 | Issuing House | N200 million |
| 5 | Underwriter | N200 million |
| 6 | Registrar | N150 million |
| 7 | Trustees | N300 million |
| 8 | Rating Agency | N150 million |
| 9 | Corporate Investment Adviser | N5 million |
| 10 | Individual Investment Adviser | N2 million |
| 11 | Fund/Portfolio Manager | N150 million |
| 12. | Securities/Commodities Exchange | N500 million |
| 13. | Central Counterparty | N5 billion |