Regulatory Compliance Vault

Nigerian financial sector compliance directory — Acts, Regulations, Guidelines and Circulars from PenCom, CBN, NAICOM, SEC and NDPC.

CBN Framework 21 Jun 2018
Risk-Based Cybersecurity Framework and Guidelines for DMBs and PSPs

Mandates cybersecurity governance, a CISO function, risk assessment, incident reporting and resilience standards. Later extended to OFIs (2022).

Applies To
DMBs, payment service providers and (fro…
Effective
01 Jan 2019
Compliance Deadline
PenCom Guideline 23 Feb 2018
Revised Fund Accounting Guidelines

Governs regulatory reporting of the financial statements of pension funds.

Applies To
PFAs (fund reporting)
Effective
23 Feb 2018
Compliance Deadline
NAICOM Guideline 01 Jan 2018
Revised Guidelines for Micro-insurance Operation in Nigeria

Tiered micro-insurance framework (unit, state and national) with reduced capital requirements, simplified products and distribution rules to deepen insurance penetration among low-…

Applies To
Micro-insurers and conventional insurers…
Effective
01 Jan 2018
Compliance Deadline
SEC Guideline 01 Jan 2018
Nigerian Code of Corporate Governance (NCCG) 2018 / SEC Corporate Governance Guideline

SEC's corporate governance guideline aligning with the Financial Reporting Council's NCCG 2018, which replaced all prior sectoral governance codes. Public companies must comply wit…

Applies To
Public companies
Effective
01 Jan 2018
Compliance Deadline
SEC Guideline 01 Jan 2018
Adoption of Nigerian Sustainable Finance Principles

Adopts sustainable finance principles addressing environmental stewardship, social development, gender equality and ESG integration across the capital market; requires regulated en…

Applies To
Capital market operators and regulated e…
Effective
01 Jan 2018
Compliance Deadline
SEC Rule 22 Nov 2017
New Rules and Amendments (22 November 2017) Batch B

Introduces a rule on regulation of revenue bonds; sundry amendments cover dividend/return money warrants, the code of conduct for capital market operators and employees, and rules …

Applies To
Revenue bond issuers; inter-dealer broke…
Effective
22 Nov 2017
Compliance Deadline
SEC Rule 22 Nov 2017
New Rules and Amendments (22 November 2017) Batch A

Introduces the Asset Manager Code of Professional Conduct; amends primary issuance fees for equity and fixed income instruments; waives the naira value cap on transaction fees paya…

Applies To
Asset managers; capital market operators
Effective
22 Nov 2017
Compliance Deadline
PenCom Guideline 26 Oct 2017
Guidelines for the Administration of Retirement Benefits of Professors and a Category of Political Appointees

Addresses retirement benefit administration for retiring Heads of Service, Permanent Secretaries, professors and a defined category of political appointees, following the transitio…

Applies To
Professors; specified political appointe…
Effective
26 Oct 2017
Compliance Deadline
PenCom Regulation 26 Oct 2017
Regulation on Fee Sharing Between Pension Operators and State Pension Bureau

Permits sharing of the administration fee charged on State and Local Government employees' RSAs between pension operators and State/LG Pension Bureaux, following persistent request…

Applies To
State/LG pension bureaux; PFAs
Effective
26 Oct 2017
Compliance Deadline
PenCom Guideline 25 Aug 2017
Guidelines on RSA Multi-Fund Structure

Replaced the single-fund structure with life-cycle Funds I–IV (later expanded with Fund V Micro Pension and Fund VI Non-Interest), aligning contributors' risk exposure with age and…

Applies To
All PFAs and RSA holders.
Effective
01 Jul 2018
Compliance Deadline
SEC Rule 01 Jun 2017
Rules on Return of Unclaimed Dividends and e-Dividend Framework

Investor protection reforms mandating the e-Dividend Mandate Management System and rules on the return and management of unclaimed dividends by paying companies and registrars.

Applies To
Registrars, paying companies and shareho…
Effective
01 Jun 2017
Compliance Deadline
PenCom Regulation 26 Apr 2017
Regulation on Investment of Pension Funds Asset April 2017

Provides uniform rules and standards for investment of pension fund assets consistent with the PRA 2004; superseded by the 2019 and 2025 amended versions.

Applies To
PFAs (investment)
Effective
26 Apr 2017
Compliance Deadline

This vault is a monitoring aid, not legal advice; always confirm against the regulator's official publication.