The Securities and Exchange Commission (SEC) has cautioned Fintech industry operators on the need to brace up come year 2025, as it would not be business as usual.
It says it would roll out regulations to guide the fintech space in the country in 2025, going by a notice of the Director-General of SEC, Dr Emomotimi Agama.
The notice released today, in Abuja said the commission learned enough and would engage a faster pace in the New Year, aimed at improving delivery in the fintech industry.
The DG said SEC was committed to ensuring transparency and integrity in its regulation activities even as it had thus far provided a level playing field to stakeholders.
”In the coming year, we will move faster in delivery and announcements having learnt from this process.
”A new law has been passed and is in the process of obtaining the Presidential assent.
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That law is replete with all of the ingredients legally required to properly regulate this space and give guidance to operators.
”All of these are efforts by SEC to be as friendly as possible, protect the interest of the ecosystem and the interest of investors.
”Beyond any doubt, this space is the future and for us as Nigerians and we have embraced it,” he said.
”This journey is a new one that we have not gone through before.
”As we continue, we will find challenges which we need to solve because every challenge is solvable,” he said.
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