SEC Unveils Technology Survey for Capital Markets (International Edition)

The Securities and Exchange Commission has introduced a technology adoption evaluation survey aimed at registered capital market participants in Nigeria. This initiative is designed to enhance innovation and improve efficiency within the country’s capital markets.

The commission released a circular on Wednesday stating that the initiative aims to assess how extensively advanced technologies have been adopted by Capital Market Operators functioning within Nigeria’s financial markets.

As stated in the notification, “This technology uptake survey has been created by the Commission to evaluate the adoption of cutting-edge technologies amongst registered Capital Market Operators.”

The SEC instructed all registered entities to sign in through the e-portal utilizing their present login details to finish the survey. This process will be active over a two-week period, starting from May 5th until May 20th, 2025.

Discussing the importance of innovation in the capital markets lately, the director-general of the SEC, Emomotimi Agama, encouraged participants to adopt technology as a driving force for development, enhanced openness, better operations, and stronger market stability.

He pointed out that the SEC acknowledges the rise of novel financial products and services spurred by technological progress, and continues to be dedicated to adjusting its regulatory framework to address the changing requirements of the marketplace.

As he stated, the commission’s strategy for fostering innovation rests on three main supports: safeguarding investors, expanding the markets, and addressing issues to create a strong and effective capital market environment.

Agama also pointed out the commission’s Regulatory Incubation Program, enabling fintech start-ups to function within a regulated setting for twelve months as suitable regulations are formulated to oversee their operations.

He stated that the program is a component of the SEC’s larger plan to foster innovation alongside protecting market integrity and investor interests.

PUNCH stated that the Securities and Exchange Commission has introduced a new condition for Capital Market Operators who wish to renew their yearly registration.

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