[ MAIN ]BUSINESS & ECONOMYCapital MarketCOVERManagement/Strategy/FinanceNEWSNEWSLETTER

SEC Gives Another 30 Days For Submission Of Q3 Financial Results

SEC To License Brokers Offering Foreign Stocks

The Securities and Exchange Commission (SEC) has given an extra 30 days for companies to submit their third-quarter financial statements.

According to a circular on its website, the capital market regulator stated that the quarterly financial statements initially due on October 30 has been extended to  November 30.

In October, the #EndSARS protest was hijacked by hoodlums, leading to vandalisation and looting of private and public property.

“The Securities and Exchange Commission (SEC) has noted the recent general disruption to business operations across the country and the challenges this may have posed on businesses, ” the statement read.

READ ALSO: NNPC Dismisses Fears of Petrol Scarcity Over PENGASSAN Strike

“The SEC is also aware that the disruption to business operations may have prevented public companies, capital market operators, and other regulated entities from convening meetings for the purpose of considering quarterly financial statements that were due to be filed/released by October 30, 2020.

“In view of the above, the SEC hereby grants public companies, capital market operators and other regulated entities, a thirty-day grace period for the submission of their quarterly financial statements.

“The quarterly financial statements are now due for submission by Monday, November 30, 2020.”

About Author

Oputah David is a Mass Communication graduate with a master's degree in Organisational Behaviour and another in Mass Communication. He is also a Bloomberg trained Financial journalist with an interest in markets and the economy. He can be reached via – [email protected]

Comment here

This site uses Akismet to reduce spam. Learn how your comment data is processed.