Overview

The document is an excerpt from the Investments and Securities Act, 2007 of Nigeria (Act No. 29). It outlines the powers of the Securities and Exchange Commission (the Commission) to issue directives to securities exchanges, capital trade points, and self-regulatory organizations. Section 35 grants the Commission authority to issue directives regarding trading operations, business conduct, and other matters for effective administration of the Act. Non-compliance may result in penalties of N1,000,000 initial fine and N500,000 per day. The Commission may also suspend or remove executive officers for violations. Section 36 empowers the Commission to suspend or prohibit trading in securities to protect investors, with written notice to relevant entities.

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