Regulators Response To Coronavirus Pandemic (COVID-19)

Following the outbreak of the COVID-19 pandemic, the Federal Government of Nigeria through its Ministries, Departments and Agencies (MDAs) has put in place measures to curb the spread of the virus as well as ensure business continuity.

Regulators such as the Nigerian Stock Exchange, the Corporate Affairs Commission, the Securities & Exchange Commission, the Federal Inland Revenue Service and the National Agency for Food and Drug Administration and Control, have now issued circulars and guidelines on the measures to be adopted by companies in conducting affairs with these Regulators, as well as holding of Annual General Meetings (AGMs) and filing of tax and other statutory returns.

Generally, these Government regulatory agencies have announced that compliance with regulatory requirements should be done electronically and physical meetings should be reduced to the barest minimum.

It is important to note that all regulatory requirements (filings, meetings, etc) are still expected to be complied with, albeit with some flexibility.

We have provided below the interim requirements for some regulatory agencies, for this period.

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