WealthTech

WealthTech: SEC to Set Up Regulatory Sandbox, Drives Innovations in Capital Market

 

The Nigerian capital market regulator, Securities and Exchange Commission (SEC) is setting up a regulatory sandbox to offer a ‘safe space’ in which start-ups and other businesses can test innovative products, services and business models.

The regulatory sandbox would aid the start-ups in the delivery mechanisms relating to the capital market in a live environment without immediately satisfying all the necessary regulatory requirements.

SEC’s mission among others is to develop and regulate the capital market that is dynamic, fair, transparent and efficient to contribute to the nation’s economic development.