The NGX Regulation Ltd has notified that the Nigerian Exchange Ltd Rule 11.1 – Know Your Client (KYC) will soon become effective.

The rule was approved by the Securities and Exchange Commission (SEC) on October 11, 2021 and will become effective October 04, 2022.

Based on the amendment in the new rule, every KYC process and steps must be carried out ‘in accordance with the Securities and Exchange Commission (SEC)’s three-tiered Know-Your-Customer (KYC) Framework for Capital Market Operators and as may be amended from time to time.’

Download Here – Amended Rule 11.1 – Know Your Client