The 1979 securities and exchange commission decree no. 71. 1985; second tier securities market (SSM) 1999 investment and securities act. - SS3 Commerce Past Questions and Answers - page 1
What was the primary purpose of the Securities and Exchange Commission Decree No. 71 introduced in 1979?
Facilitate the growth of emerging companies
Enhance investor protection and market regulation
Promote fair market operations and transparency
What was the role of the Second-Tier Securities Market (SSM) introduced in 1985?
Regulate the activities of market intermediaries
Facilitate trading of securities for smaller companies
Enforce rules against market manipulation and fraud
Which act was enacted in 1999 to govern the Nigerian capital market?
Securities and Exchange Commission Decree No. 71
Investment and Securities Act
Second-Tier Securities Market Act
What did the Securities and Exchange Commission Decree No. 71 empower the SEC to do?
Monitor market operations and enforcement of regulations
Facilitate capital raising for emerging companies
Establish separate market segments for different industries
What was the main objective of the Investment and Securities Act enacted in 1999?
Promote fair market operations and transparency
Facilitate trading of securities for smaller companies
Enhance investor protection and market regulation
How did the Securities and Exchange Commission Decree No. 71 impact the Nigerian capital market?
The Securities and Exchange Commission Decree No. 71 empowered the SEC to regulate and supervise the capital market, ensuring investor protection and fair market operations.
What was the purpose of the Second-Tier Securities Market (SSM) introduced in 1985?
The Second-Tier Securities Market (SSM) aimed to provide smaller companies with a trading platform to raise capital and facilitate trading of their securities.