Section 71 Investments and Securities Act 2025

Section 71 of the Investments and Securities Act 2025 is about Production of register. It is under Part VI (Registration and Regulation of Capital Market Operators) of the Act. It provides as follows:

(1) The Commission or any person authorised by it may require any person to whom this Part applies to produce for inspection, the register required to be kept under section 69 of this Act and the Commission or any person so authorised may take extracts from it.

(2) Any person who fails to produce a register for inspection or fails to allow any person authorised under subsection (1) to make a copy of or take extracts from the register commits an offence and is liable on conviction to a fine of not less than N500,000.

(3) The Commission may, in lieu of prosecution under subsection (2), impose a penalty of not less than N500,000 and a further sum of N5,000 for every day during which the violation continues.