COVID-19 UPDATE: Post Lockdown Practices

Dear Esteemed Stakeholder, We wish to inform you that our office will reopen from May 4, 2020. With the easing of the lockdown directive, we hope you continue to stay safe and take the necessary precautions to ensure we curb the spread of COVID-19. As our office reopens to continue providing efficient service to you, […]

Clarification On Prohibition Of Gifts At General Meetings (AGMs/EGMs)

The Securities and Exchange Commission wishes to clarify the application of Rule 602 (4) of its Rules and Regulations. Rule 602(4) states that ‘’public companies shall not distribute gifts to shareholders, observers and any other person at Annual General Meetings/Extra-Ordinary General Meetings’’ The Commission considers it necessary to clarify that ‘’light refreshment’’ are not construed as […]

Activities Of Unlawful Market Operators

The Securities and Exchange Commission wish to draw the attention of the investing public to the activities of unlawful/unlicensed market operators and promoters of other fraudulent schemes. The Commission, in recent time, has observed the proliferation of the operation of unlawful/unlicensed investment schemes, with promises of huge, but unjustifiable returns on investment. These activities are […]