“SEC Begins Full Electronic Registration For Capital Market Operators” — Says New ePortal Will Cut Delays, Strengthen Oversight

The Securities and Exchange Commission has commenced the implementation of a fully electronic registration system for Capital Market Operators as part of efforts to improve regulatory efficiency, reduce processing time and strengthen oversight of Nigeria’s capital market.
The new electronic registration platform, deployed through the Commission’s ePortal, allows designated regulatory services to be completed entirely online, removing manual processes for services covered under the current phase of implementation.
In a statement issued on Wednesday, the SEC said Capital Market Operators can now complete designated post-registration processes electronically, from application submission and regulatory review to approvals and the communication of regulatory decisions.
According to the Commission, the platform is designed to simplify interactions between operators and the regulator, reduce administrative bottlenecks, shorten processing timelines and give applicants real-time visibility into the status of their applications.
The SEC said the transition to a digital registration process would improve operational efficiency through standardised workflows, electronic documentation, secure digital record management and stronger audit trails.
“The new platform represents a major step towards creating a seamless digital regulatory ecosystem that enhances operational efficiency while strengthening regulatory effectiveness,” the Commission stated.
Beyond reducing delays, the regulator said the platform would strengthen the integrity of regulatory processes by minimising the challenges associated with paper-based documentation and improving the quality of regulatory data available for supervision and decision-making.
It added that the system would provide a stronger foundation for regulatory analytics and future technology-driven innovations aimed at enhancing market oversight.
The Commission explained that the implementation is being carried out in phases to ensure a smooth transition for market participants while protecting the stability and integrity of regulatory processes.
For now, the e-Registration platform is limited to post-registration services for existing Capital Market Operators. The SEC clarified that applications from new entrants seeking registration in the Nigerian capital market are not yet covered under the current phase.
It said electronic processing for new registrations would be introduced at a later date.
The SEC urged all licensed operators to familiarise themselves with the new platform and comply with the implementation timelines to ensure a seamless migration to the digital system.
The latest initiative forms part of the Commission’s broader reform agenda to modernise market infrastructure, improve transparency, enhance ease of doing business and strengthen investor confidence.
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