SEC DG Urges Capital Market Operators On Technology Adoption

The Director-General of the Securities & Exchanges Commission (SEC), Emomotimi Agama has urged capital market operators on technology adoption

Agama said operators should do so given that technology is a catalyst for growth

He said the exchange recognises the emergence of new financial products and services driven by technological advancements, and remains committed to adapting its regulatory framework to meet the evolving needs of the market.

According to him, the commission’s approach to innovation is anchored on the following 3 indices:

1. investor safety
2. market deepening, and
3. problem-solving aimed at building a robust and efficient capital market ecosystem.

Agama also highlighted the commission’s Regulatory Incubation Programme, which allows fintech startups to operate within a controlled environment for one year while appropriate rules are developed to govern their activities.

According to him, this is part of the SEC’s broader strategy of supporting innovation, safeguarding market integrity and investor interests.

The Eagle reports that, as part of efforts to deepen innovation and efficiency, the SEC unveiled a technology adoption assessment survey for registered capital market operators.

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It said in a circular that the exercise was to evaluate the level of adoption of advanced technologies among the operators.

“The following technology adoption survey is designed by the Commission to assess the adoption of advanced technologies among registered Capital Market Operators”, the circular said, directing all registered operators to complete the survey, on or before 20 May 2025.