Proposed Rule for Processing Fees Payable for the Registration of Exchange Traded Derivative Products

New Rule

Proposed Rule for Processing Fees Payable for the Registration of Exchange-Traded Derivative Products

  1. Filing Fee per Contract N100,000
  2. Processing Fee per Contract N500,000 flat fee

Justification

The Commission is of the view that the filing fee should be a standard fee chargeable for all transactions. In addition, since there is no value attached to the contract, a flat fee of N500,000 per contract is reasonable.

 

All comments and input should be forwarded by e-mail to the Secretariat, Rules Committee of the Commission, at rulescommittee@sec.gov.ng or by letter addressed to the Director-General, SEC, not later than two (2) weeks from date of publication.