President Bola Tinubu has enacted the Investments and Securities Act (ISA) 2024, which replaces a prior 2007 version. This new Act enhances investor protection, aligns market practices with international norms, and expands regulatory authority of the Securities and Exchange Commission (SEC). Key features include classification of exchanges, recognition of digital assets, and stricter controls on investment scams.
President Bola Tinubu has officially signed the Investments and Securities Act (ISA) 2024 into law, repealing the previous Act No. 29 of 2007. This significant legislation is designed to strengthen the legal framework governing Nigeria’s capital market while enhancing investor protection and promoting sustainable market growth through crucial reforms.
The ISA 2024 represents a transformative advancement in Nigeria’s capital market. By introducing numerous reforms and aligning operations with global best practices, the Act seeks to fortify investor confidence and enhance regulatory oversight. This legislative change paves the way for a more competitive and transparent investment landscape within Nigeria.
Original Source: nannews.ng
