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