Regulatory Compliance Vault

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

PenCom Regulation 06 Dec 2008
Review of Supervisory Fees December 2008

Sets maximum chargeable fees by PFAs, PFCs and the Commission for pension services; historical, superseded by later fee reviews.

Applies To
PFAs; PFCs
Effective
06 Dec 2008
Compliance Deadline
PenCom Framework 01 Jun 2008
Code of Corporate Governance for Licensed Pension Operators

Sets board composition, independence, committee and disclosure standards for pension operators, complementing PenCom's fit-and-proper and internal control requirements.

Applies To
Boards and management of PFAs, PFCs and …
Effective
01 Jun 2008
Compliance Deadline
PenCom Regulation 06 Apr 2008
Regulation on Investment of Pension Fund Assets 2008

Historical version of the investment regulation providing uniform rules and standards for investment of pension fund assets under the PRA 2004; superseded by later amendments.

Applies To
PFAs (investment)
Effective
06 Apr 2008
Compliance Deadline
SEC Act 25 Jun 2007
Investments and Securities Act 2007 (repealed)

Governed the Nigerian capital market for eighteen years: SEC's registration and enforcement powers, the Investments and Securities Tribunal, collective investment schemes and merge…

Applies To
Historical: all capital market operators…
Effective
25 Jun 2007
Compliance Deadline
CBN Act 25 May 2007
Central Bank of Nigeria Act 2007

Establishes the CBN's autonomy, price stability mandate, currency issuance authority and regulatory powers over the monetary and financial system.

Applies To
CBN and the Nigerian financial system ge…
Effective
25 May 2007
Compliance Deadline
PenCom Regulation 06 Dec 2006
Regulation on Valuation of Pension Fund Assets (Updated December 2006)

Sets valuation standards for pension fund assets; site-listed under a 2017 migration date but originally issued/updated December 2006. Likely supersedes the March 2006 valuation re…

Applies To
PFAs; PFCs
Effective
06 Dec 2006
Compliance Deadline
PenCom Regulation 06 Dec 2006
Regulation on Valuation of Pension Fund Assets December 2006

Sets valuation standards for pension fund assets; historical version, likely superseded by the updated December 2006 valuation regulation (see related entry).

Applies To
PFAs; PFCs
Effective
06 Dec 2006
Compliance Deadline
PenCom Regulation 06 Apr 2006
Regulation on Investment of Pension Fund Assets 2006

Historical version of the investment regulation providing uniform rules and standards for investment of pension fund assets under the PRA 2004; superseded by later amendments.

Applies To
PFAs (investment)
Effective
06 Apr 2006
Compliance Deadline
PenCom Regulation 06 Mar 2006
Regulation on Fees Structure March 2006

Sets maximum chargeable fees by PFAs, PFCs and the Commission for pension services; historical, superseded by later fee reviews.

Applies To
PFAs; PFCs
Effective
06 Mar 2006
Compliance Deadline
PenCom Regulation 06 Mar 2006
Regulation on Valuation of Pension Fund Assets March 2006

Sets valuation standards for pension fund assets; historical version, superseded by the December 2006 update.

Applies To
PFAs; PFCs
Effective
06 Mar 2006
Compliance Deadline
CBN Framework 01 Dec 2005
Microfinance Policy, Regulatory and Supervisory Framework for Nigeria

Founding policy that created Nigeria's microfinance bank sector, establishing licensing categories, minimum capital requirements and the regulatory and supervisory framework for mi…

Applies To
Microfinance banks and institutions in N…
Effective
01 Dec 2005
Compliance Deadline
PenCom Act 25 Jun 2004
Pension Reform Act 2004 (repealed)

Founding legislation of the Contributory Pension Scheme and of PenCom itself. Introduced mandatory RSAs, PFAs and PFCs, replacing largely unfunded defined benefit schemes. Repealed…

Applies To
Historical: all employers and pension op…
Effective
25 Jun 2004
Compliance Deadline

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