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:

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