Investments and Securities Act 2025

An Act To Repeal The Investments And Securities Act, No. 29, 2007 And Enact The Investments And Securities Act, 2025, To Establish The Securities And Exchange Commission As The Apex Regulatory Authority For The Nigerian Capital Market As Well As To Regulate The Market To Ensure Capital Formation, The Protection Of Investors, Maintenance Of Fair, Efficient And Transparent Market And Reduction Of Systemic Risk; And For Related Matters.

Arrangement of Sections

Part I — Establishment, Objectives, Functions, and Powers of the Securities and Exchange Commission

Section 1 Investments and Securities Act – Establishment of the Securities and Exchange Commission

Section 2 Investments and Securities Act – Head Office of the Commission

Section 3 Investments and Securities Act – Objectives, Functions and Powers of the Commission

Part II — Establishment of The Governing Board of The Commission

Section 4 Investments and Securities Act – Composition of the Board of the Commission

Section 5 Investments and Securities Act – Appointment and tenure of members of the Board

Section 6 Investments and Securities Act – Duties of the Board

Section 7 Investments and Securities Act – Director-General and full time Commissioners to be fully devoted to the Commission

Section 8 Investments and Securities Act – Management of the Commission

Section 9 Investments and Securities Act – Disqualification, cessation of appointment and resignation

Section 10 Investments and Securities Act – Remuneration and allowances of members of the Board

Section 11 Investments and Securities Act – Meetings of the Board

Section 12 Investments and Securities Act – Disclosure by Board members

Part III — Staff of The Commission

Section 13 Investments and Securities Act – Appointment of the Secretary and other staff of the Commission

Section 14 Investments and Securities Act – Remuneration of the Secretary and other staff of the Commission

Section 15 Investments and Securities Act – Duties of the Secretary

Section 16 Investments and Securities Act – Service in the Commission to be pensionable

Part IV — Financial Provisions

Section 17 Investments and Securities Act – Fund of the Commission

Section 18 Investments and Securities Act – Application of Fund of the Commission

Section 19 Investments and Securities Act – Reserve account

Section 20 Investments and Securities Act – Power to accept gifts

Section 21 Investments and Securities Act – Penalties and fees to be retained and utilised by the Commission

Section 22 Investments and Securities Act – Borrowing by the Commission

Section 23 Investments and Securities Act – Investments by the Commission

Section 24 Investments and Securities Act – Annual estimates, account and audit

Section 25 Investments and Securities Act – Annual report

Part V — Registration and Regulation of Securities Exchanges, Financial Market Infrastructures and Other Self Regulatory Organisations

Section 26 Investments and Securities Act – Registration of a securities exchange

Section 27 Investments and Securities Act – Categories of securities exchanges

Section 28 Investments and Securities Act – Conditions for registration of securities exchanges

Section 29 Investments and Securities Act – Appointment and removal of chief executive and principal officers of a securities exchange

Section 30 Investments and Securities Act – Responsibilities of a securities exchange

Section 31 Investments and Securities Act – Securities exchange to maintain proper books of account

Section 32 Investments and Securities Act – Approval of amendments to listing rules

Section 33 Investments and Securities Act – Securities exchange to give notice of disciplinary actions

Section 34 Investments and Securities Act – Review of disciplinary actions taken by a securities exchange

Section 35 Investments and Securities Act – Power to issue directives to a securities exchange

Section 36 Investments and Securities Act – Prohibition of trading in particular securities

Section 37 Investments and Securities Act – Revocation of certificate of a securities exchange

Section 38 Investments and Securities Act – Listing of a securities exchange or an exchange holding company on securities exchange

Section 39 Investments and Securities Act – Responsibilities of exchange holding company

Section 40 Investments and Securities Act – Disposal and acquisition of assets

Section 41 Investments and Securities Act – Establishment and operation of a financial market infrastructure

Section 42 Investments and Securities Act – Registration of financial market infrastructures

Section 43 Investments and Securities Act – Protection of investors in a financial market infrastructure

Section 44 Investments and Securities Act – Financial market infrastructure rules

Section 45 Investments and Securities Act – Modification of insolvency law rules

Section 46 Investments and Securities Act – Proceedings of a financial market infrastructure to take precedence over insolvency procedures

Section 47 Investments and Securities Act – Disapplication of conflicting orders under insolvency laws

Section 48 Investments and Securities Act – Net sum payable upon compliance with default proceedings

Section 49 Investments and Securities Act – Duty to provide assistance

Section 50 Investments and Securities Act – Disapplication of avoidances, fraudulent preference, and priority of payments

Section 51 Investments and Securities Act – Protection of certain actions of financial market infrastructure

Section 52 Investments and Securities Act – Terms used in this Part

Section 53 Investments and Securities Act – Modification of insolvency laws

Section 54 Investments and Securities Act – Protection of transfer orders and systems

Section 55 Investments and Securities Act – Limitation of protection

Section 56 Investments and Securities Act – No retroactive effect on proceedings

Section 57 Investments and Securities Act – Terms used in this Part

Section 58 Investments and Securities Act – Insolvency laws in other jurisdictions

Section 59 Investments and Securities Act – Registration of a self-regulatory organisation

Section 60 Investments and Securities Act – Duties of a registered self-regulatory organisation

Part VI — Registration and Regulation of Capital Market Operators

Section 61 Investments and Securities Act – Registration of capital market operators

Section 62 Investments and Securities Act – Appointment and removal of chief executive and principal officers of a capital market operator

Section 63 Investments and Securities Act – Accounts to be kept by capital market operator

Section 64 Investments and Securities Act – Maintenance of separate accounts and payment into certain trust accounts

Section 65 Investments and Securities Act – Penalty for withdrawing money from trust account without authority

Section 66 Investments and Securities Act – Money in trust account not available for personal use

Section 67 Investments and Securities Act – Claims and lien not affected

Section 68 Investments and Securities Act – Right to copies of book entries of transactions and to inspect contract notes

Section 69 Investments and Securities Act – Register of securities

Section 70 Investments and Securities Act – Particulars of register

Section 71 Investments and Securities Act – Production of register

Section 72 Investments and Securities Act – Extracts of register

Part VII — Inspections And Investigations

Section 73 Investments and Securities Act – Designation of staff of the Commission for supervision of all regulated entities and securities exchanges

Section 74 Investments and Securities Act – Routine examination and report

Section 75 Investments and Securities Act – Special examination

Section 76 Investments and Securities Act – Failing regulated entity

Section 77 Investments and Securities Act – Control of failing regulated entity

Section 78 Investments and Securities Act – Management of failing regulated entity

Section 79 Investments and Securities Act – Control of regulated entity with lost paid up capital

Section 80 Investments and Securities Act – Power of examiners in relation to other persons

Section 81 Investments and Securities Act – Application to the Federal High Court for winding up

Part VIII — Management of Systemic Risk

Section 82 Investments and Securities Act – Request for information in respect of systemic risk

Section 83 Investments and Securities Act – Power of the Commission to issue directive for management of systemic risk

Section 84 Investments and Securities Act – Arrangements with other supervisory authorities

Section 85 Investments and Securities Act – Terms used in this Part

Part IX — Regulation of Securities

Section 86 Investments and Securities Act – Registration of securities to be issued under this Act

Section 87 Investments and Securities Act – Electronic and other means of issuing and transferring securities

Section 88 Investments and Securities Act – Filing of annual and periodic reports with the Commission

Section 89 Investments and Securities Act – System of internal control of public companies

Section 90 Investments and Securities Act – Auditors of public companies to register with the Commission

Section 91 Investments and Securities Act – Duty of auditor to report on internal controls of public companies

Section 92 Investments and Securities Act – Penalties for non- compliance with sections 90 and 91

Section 93 Investments and Securities Act – Unclaimed dividends of public companies

Section 94 Investments and Securities Act – Contravention of this Part by a body corporate

Section 95 Investments and Securities Act – Control of invitations to the public

Section 96 Investments and Securities Act – Invitation to the public to deposit money

Section 97 Investments and Securities Act – Meaning of invitation to the public

Section 98 Investments and Securities Act – Offers for sale deemed to be made by an issuer

Section 99 Investments and Securities Act – Form of application for shares to be issued with prospectus

Section 100 Investments and Securities Act – Effective date of a prospectus

Section 101 Investments and Securities Act – Contents of a prospectus

Section 102 Investments and Securities Act – Exemption from application of provisions relating to prospectus in certain cases

Section 103 Investments and Securities Act – Prohibition of issuance or circulation of certain notices, circulars and advertisements

Section 104 Investments and Securities Act – Exemption certificate and effect

Section 105 Investments and Securities Act – Expert’s statement on prospectus

Section 106 Investments and Securities Act – Prospectus on invitation to the public to acquire or dispose of securities

Section 107 Investments and Securities Act – General and restricted invitations to the public

Section 108 Investments and Securities Act – Registration of prospectus

Section 109 Investments and Securities Act – Contract in prospectus not to be varied without leave

Section 110 Investments and Securities Act – Document of offer of securities to be deemed a prospectus

Section 111 Investments and Securities Act – Interpretation as to prospectus

Section 112 Investments and Securities Act – Form of statement in lieu of prospectus

Section 113 Investments and Securities Act – Civil liability for misstatements in prospectus

Section 114 Investments and Securities Act – Criminal liability for misstatement in prospectus

Section 115 Investments and Securities Act – Allotment of securities

Section 116 Investments and Securities Act – No allotment below minimum subscription

Section 117 Investments and Securities Act – Application money to be held in trust until allotment

Section 118 Investments and Securities Act – Action for rescission

Section 119 Investments and Securities Act – Allotment of securities and dealing on securities exchange

Section 120 Investments and Securities Act – Return of surplus money to subscribers

Part X — Conduct of Securities Business

Section 121 Investments and Securities Act – Prohibition of cash transactions

Section 122 Investments and Securities Act – Prohibition of transactions in non-dematerialised securities

Section 123 Investments and Securities Act – Legal entity identifier

Section 124 Investments and Securities Act – Securities dealer to issue contract note or transaction confirmation

Section 125 Investments and Securities Act – Contents of contract note or transaction confirmation

Section 126 Investments and Securities Act – Disclosure of certain interests in securities by securities dealers

Section 127 Investments and Securities Act – Dealing as principal

Section 128 Investments and Securities Act – Dealing by employees and associated persons of securities dealers

Section 129 Investments and Securities Act – Securities dealers to give priority to client’s orders

Section 130 Investments and Securities Act – Securities lending and margin requirements

Section 131 Investments and Securities Act – Unauthorised sale or transfer of securities

Part XI — Trading in Securities

Section 132 Investments and Securities Act – False trading and market rigging transactions

Section 133 Investments and Securities Act – False or misleading statements

Section 134 Investments and Securities Act – Fraudulently inducing persons to deal in securities

Section 135 Investments and Securities Act – Dissemination of illegal information

Section 136 Investments and Securities Act – Prohibition of fraudulent means

Section 137 Investments and Securities Act – Prohibition of dealing in securities by insiders

Section 138 Investments and Securities Act – Actions not prohibited under section 137

Section 139 Investments and Securities Act – Civil and criminal liability under this Part and authority to award bounty to informant

Part XII — Mergers, Take-overs and Corporate Restructuring

Section 140 Investments and Securities Act – Control of restructuring of public companies

Section 141 Investments and Securities Act – Merger by amalgamation and other combination

Section 142 Investments and Securities Act – Takeover rules and regulations

Section 143 Investments and Securities Act – Compliance with code and rules

Section 144 Investments and Securities Act – Authority to proceed with takeover

Section 145 Investments and Securities Act – Arrangement for funds

Section 146 Investments and Securities Act – No payment for loss of office

Section 147 Investments and Securities Act – Liability for false or misleading statement

Section 148 Investments and Securities Act – Action by Commission in cases of non-compliance

Section 149 Investments and Securities Act – Terms used in this Part

Part XIII — Collective Investments Schemes

Section 150 Investments and Securities Act – Meaning of collective investment scheme

Section 151 Investments and Securities Act – Types of collective investment scheme

Section 152 Investments and Securities Act – Principles for the administration of the scheme

Section 153 Investments and Securities Act – Disclosure of information

Section 154 Investments and Securities Act – Duties of managers of a scheme

Section 155 Investments and Securities Act – Requirements for administration of a collective investment scheme

Section 156 Investments and Securities Act – Prohibition of misleading names and actions

Section 157 Investments and Securities Act – Authorisation of collective investment schemes

Section 158 Investments and Securities Act – Registration of units or securities of a scheme

Section 159 Investments and Securities Act – Alteration of trust deed, custodial agreement, or change of name of scheme

Section 160 Investments and Securities Act – Revocation of authorisation of a scheme

Section 161 Investments and Securities Act – Approval of prospectus and other offer documents

Section 162 Investments and Securities Act – Liability for material misstatement

Section 163 Investments and Securities Act – Redemption of units or securities

Section 164 Investments and Securities Act – Prohibition of certain transactions and profits

Section 165 Investments and Securities Act – Liabilities of trustees and custodians under a scheme

Section 166 Investments and Securities Act – Audit of accounts of a scheme and annual general meeting

Section 167 Investments and Securities Act – Fair market price

Section 168 Investments and Securities Act – Investment of a scheme fund

Section 169 Investments and Securities Act – Misappropriation of clients’ funds

Section 170 Investments and Securities Act – Investigation and inspection

Section 171 Investments and Securities Act – Powers of the Commission after investigation

Section 172 Investments and Securities Act – Cancellation or suspension of registration of a manager

Section 173 Investments and Securities Act – Objection to misleading terms in a publication

Section 174 Investments and Securities Act – Power of the Commission to request audit

Section 175 Investments and Securities Act – Irregular or undesirable practices

Section 176 Investments and Securities Act – Appointment and termination of appointment of trustee or custodian

Section 177 Investments and Securities Act – Qualification and registration of trustee or custodian

Section 178 Investments and Securities Act – Suspension or revocation of registration of a trustee or custodian

Section 179 Investments and Securities Act – Duties of trustees or custodians

Section 180 Investments and Securities Act – Status of assets

Section 181 Investments and Securities Act – Liability of custodian for loss of assets

Section 182 Investments and Securities Act – Appointment and removal of auditor

Section 183 Investments and Securities Act – Duty of auditor to disclose irregularity or undesirable practice

Section 184 Investments and Securities Act – Power to make regulations on the constitution and management of collective investments scheme

Section 185 Investments and Securities Act – Alteration of schemes and replacement of manager, trustee or custodian

Section 186 Investments and Securities Act – Restriction of activities of managers

Section 187 Investments and Securities Act – Publication of scheme particulars

Section 188 Investments and Securities Act – Power of intervention

Section 189 Investments and Securities Act – Issuance of directive or its revocation

Section 190 Investments and Securities Act – Investment company

Section 191 Investments and Securities Act – Real estate investment

Section 192 Investments and Securities Act – Registration of real estate investment company

Section 193 Investments and Securities Act – Foreign collective investment schemes

Section 194 Investments and Securities Act – Appointment of inspectors

Section 195 Investments and Securities Act – Treatment of collective investment schemes

Section 196 Investments and Securities Act – Prohibited schemes

Section 197 Investments and Securities Act – Terms used in this Part

Part XIV — Investor Protection Fund

Section 198 Investments and Securities Act – Establishment of an investor protection fund

Section 199 Investments and Securities Act – Objectives of investor protection fund

Section 200 Investments and Securities Act – Composition and tenure of board of trustees

Section 201 Investments and Securities Act – Removal from the board of trustees

Section 202 Investments and Securities Act – Powers of the board of trustees

Section 203 Investments and Securities Act – Money accruing to the investor protection fund

Section 204 Investments and Securities Act – Fund to be kept in separate bank account

Section 205 Investments and Securities Act – Payment out of the investor protection fund

Section 206 Investments and Securities Act – Accounts of investor protection fund

Section 207 Investments and Securities Act – Board of trustees may delegate functions

Section 208 Investments and Securities Act – Minimum amount in investor protection fund

Section 209 Investments and Securities Act – Protection of the investor protection fund

Section 210 Investments and Securities Act – Levy to meet liabilities

Section 211 Investments and Securities Act – Power of an exchange to make an advance to an investor protection fund

Section 212 Investments and Securities Act – Investment of the funds of an investor protection fund

Section 213 Investments and Securities Act – Application of the funds of an investor protection fund

Section 214 Investments and Securities Act – Claims against a license holder

Section 215 Investments and Securities Act – Claims against an investor protection fund

Section 216 Investments and Securities Act – Notice calling for claims against the investor protection fund

Section 217 Investments and Securities Act – Power to settle claims

Section 218 Investments and Securities Act – Form of order of the Tribunal

Section 219 Investments and Securities Act – Power to require production of evidence

Section 220 Investments and Securities Act – Subrogation

Section 221 Investments and Securities Act – Application of insurance money

Section 222 Investments and Securities Act – Penalty for contravention

Section 223 Investments and Securities Act – Terms used in this Part

Part XV — Commodities Exchange and Warehouse Receipts

Section 224 Investments and Securities Act – Establishment of commodities exchanges

Section 225 Investments and Securities Act – Conditions for registration

Section 226 Investments and Securities Act – Rules of commodities exchange

Section 227 Investments and Securities Act – Commodities exchange to maintain proper books of account

Section 228 Investments and Securities Act – Responsibilities of a commodities exchange

Section 229 Investments and Securities Act – Appointment and removal of chief executive and principal officers of a commodities exchange

Section 230 Investments and Securities Act – Commodities exchange to give notice of disciplinary actions

Section 231 Investments and Securities Act – Review of disciplinary actions taken by a commodities exchange

Section 232 Investments and Securities Act – Oversight function on commodities exchanges

Section 233 Investments and Securities Act – Power to issue directives to a commodities exchange

Section 234 Investments and Securities Act – Prohibition of trading in particular contracts in commodities

Section 235 Investments and Securities Act – Revocation of registration

Section 236 Investments and Securities Act – Registration of commodity broker

Section 237 Investments and Securities Act – Emergency powers

Section 238 Investments and Securities Act – Prohibition of use of certain titles

Section 239 Investments and Securities Act – Offences

Section 240 Investments and Securities Act – Registration of warehouses

Section 241 Investments and Securities Act – Revocation and suspension of warehouse registration

Section 242 Investments and Securities Act – Insurance of warehouse and commodities

Section 243 Investments and Securities Act – Inspection of warehouse by the Commission

Section 244 Investments and Securities Act – Registration of collateral management company

Section 245 Investments and Securities Act – Issuance of warehouse receipt

Section 246 Investments and Securities Act – Warehouse receipt as evidence of proprietary rights

Section 247 Investments and Securities Act – Form, standardisation and contents of warehouse receipt

Section 248 Investments and Securities Act – Trading in warehouse receipts

Section 249 Investments and Securities Act – Negotiable warehouse receipts

Section 250 Investments and Securities Act – Obligation of a warehouse operator to deliver

Section 251 Investments and Securities Act – Obligation to deliver commodities to persons with valid titles or right

Section 252 Investments and Securities Act – (Not Available)

Section 253 Investments and Securities Act – (Not Available)

Section 254 Investments and Securities Act – Loss of right of lien

Section 255 Investments and Securities Act – Cancellation of warehouse receipt after the delivery of commodities

Section 256 Investments and Securities Act – Delivery of commodities in parts

Section 257 Investments and Securities Act – Altered warehouse receipts

Section 258 Investments and Securities Act – Rights of purchasers of altered receipts

Section 259 Investments and Securities Act – Rights derived from negotiation

Section 260 Investments and Securities Act – Liability for wrongful delivery of commodities

Section 261 Investments and Securities Act – Liability for wrongful description of commodities

Section 262 Investments and Securities Act – Liability for loss or injury to commodities

Section 263 Investments and Securities Act – Liability for issuance of receipts for commodities not received

Section 264 Investments and Securities Act – Liability for false statement in a warehouse receipt

Section 265 Investments and Securities Act – Liability for issuance of unmarked duplicate receipts

Section 266 Investments and Securities Act – Liability for depositing commodities with defective title

Section 267 Investments and Securities Act – Terms used in this Part

Part XVI — Issuance of Securities

Section 268 Investments and Securities Act – Bodies to which this Part applies

Section 269 Investments and Securities Act – Issue of registered bonds, promissory notes, general obligation debt securities and revenue or project tied debt securities (project bonds)

Section 270 Investments and Securities Act – Appointment of custodians

Section 271 Investments and Securities Act – Restriction on raising of funds from the capital market

Section 272 Investments and Securities Act – Loans to be charged upon revenue

Section 273 Investments and Securities Act – Bodies to publish details of funds in the Federal Government Gazette or other official document

Section 274 Investments and Securities Act – Register of securities and appointment of Registrar

Section 275 Investments and Securities Act – Appointment of issuing house

Section 276 Investments and Securities Act – Dematerialised debt security

Section 277 Investments and Securities Act – Entries in a bond register

Section 278 Investments and Securities Act – Promissory notes

Section 279 Investments and Securities Act – Manner and effect of endorsement

Section 280 Investments and Securities Act – Rights of survivorship

Section 281 Investments and Securities Act – Bonds

Section 282 Investments and Securities Act – Appropriation and payment of interest

Section 283 Investments and Securities Act – Appointment of trustees

Section 284 Investments and Securities Act – Powers of trustees

Section 285 Investments and Securities Act – Trustee as underwriter

Section 286 Investments and Securities Act – Power to appoint new trustees

Section 287 Investments and Securities Act – Waiver by trustees

Section 288 Investments and Securities Act – Appropriation of revenue for sinking fund

Section 289 Investments and Securities Act – Separate sinking fund

Section 290 Investments and Securities Act – Investment of sinking fund

Section 291 Investments and Securities Act – Cessation of contribution to sinking fund

Section 292 Investments and Securities Act – Expenses to be paid out of sinking fund

Section 293 Investments and Securities Act – Deficiency in fund to be charged upon revenue

Section 294 Investments and Securities Act – Consolidation and subdivision

Section 295 Investments and Securities Act – Indemnity bond

Section 296 Investments and Securities Act – Immediate discharge in certain cases

Section 297 Investments and Securities Act – Limitation of legal action

Section 298 Investments and Securities Act – Summary procedure in special cases

Section 299 Investments and Securities Act – Notice of trust not receivable except as provided

Section 300 Investments and Securities Act – Exemption from stamp duties

Section 301 Investments and Securities Act – Delegation of power

Section 302 Investments and Securities Act – Inspection of register and documents

Section 303 Investments and Securities Act – Power to make rules and regulations under this Part

Section 304 Investments and Securities Act – Requirements of securities exchanges

Section 305 Investments and Securities Act – Binding obligation on successive governments or bodies

Section 306 Investments and Securities Act – Application of enactments

Section 307 Investments and Securities Act – Offences, remedies and penalties

Section 308 Investments and Securities Act – Issuance of debt securities subject to prior review and approval

Section 309 Investments and Securities Act – Mismanagement or diversion of proceeds

Section 310 Investments and Securities Act – Administrative sanctions

Section 311 Investments and Securities Act – Cessation of office

Section 312 Investments and Securities Act – The Commission may take action

Section 313 Investments and Securities Act – Terms used in this Part

Part XVII — Establishment, Jurisdiction, Authority and Procedure of The Investments and Securities Tribunal

Section 314 Investments and Securities Act – Establishment of the Investments and Securities Tribunal

Section 315 Investments and Securities Act – Composition of the Tribunal

Section 316 Investments and Securities Act – Functions of the Minister

Section 317 Investments and Securities Act – Vacancy in the office of the Tribunal

Section 318 Investments and Securities Act – Constitution of the Tribunal

Section 319 Investments and Securities Act – Term of office

Section 320 Investments and Securities Act – Disqualification of members of the Tribunal

Section 321 Investments and Securities Act – Resignation and removal

Section 322 Investments and Securities Act – Salaries, allowances and other conditions of service of members of the Tribunal

Section 323 Investments and Securities Act – Filling up of vacancies

Section 324 Investments and Securities Act – Chief Registrar of the Tribunal

Section 325 Investments and Securities Act – Other staff of the Tribunal

Section 326 Investments and Securities Act – Jurisdiction of the Tribunal

Section 327 Investments and Securities Act – Fund of the Tribunal

Section 328 Investments and Securities Act – Accounts and audit

Section 329 Investments and Securities Act – Power to accept gifts

Section 330 Investments and Securities Act – Application of the fund of the Tribunal

Section 331 Investments and Securities Act – Actions against and appeals from decisions of the Commission

Section 332 Investments and Securities Act – Powers and procedures of the Tribunal

Section 333 Investments and Securities Act – Right to legal representation

Section 334 Investments and Securities Act – Judgment of the Tribunal

Section 335 Investments and Securities Act – Exclusion of proceedings

Section 336 Investments and Securities Act – Appeal to the Court of Appeal

Section 337 Investments and Securities Act – Further appeals

Section 338 Investments and Securities Act – Legal representation

Section 339 Investments and Securities Act – Protection for actions taken in good faith

Part XVIII — Miscellaneous Provisions

Section 340 Investments and Securities Act – Power of the Minister and delegation

Section 341 Investments and Securities Act – Legal proceedings, pre-action notice and right to represent Commission before Court or Tribunal

Section 342 Investments and Securities Act – Protection of action taken in good faith

Section 343 Investments and Securities Act – Penalty

Section 344 Investments and Securities Act – General offences

Section 345 Investments and Securities Act – Criminal prosecution

Section 346 Investments and Securities Act – Offences by companies and market participants

Section 347 Investments and Securities Act – Obligation of persons to disclose information connected with activities of their employer

Section 348 Investments and Securities Act – Power to recover administrative penalties as debt

Section 349 Investments and Securities Act – Change of name of capital market operators, managers, portfolio or collective investment scheme and change of shareholding or directors

Section 350 Investments and Securities Act – Prohibition of use of certain titles

Section 351 Investments and Securities Act – Removal of appointees and cancellation of registration

Section 352 Investments and Securities Act – Committees of the Commission

Section 353 Investments and Securities Act – Seal of the Commission

Section 354 Investments and Securities Act – Application and relevance of other laws not barred

Section 355 Investments and Securities Act – Rules and regulations

Section 356 Investments and Securities Act – Repeals and savings

Section 357 Investments and Securities Act – Interpretation

Section 358 Investments and Securities Act – Citation

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SCHEDULES (Not Available)