The Securities and Exchange Commission (SEC) has insisted that all publicly quoted companies must make full disclosure on the impact of the Covid-19 pandemic on their business.

A statement by the Commission on Monday said it reminded regulated entities in the capital market, in a circular, to continue to make adequate disclosures on the impact of Covid-19 on their businesses

According to SEC, the circular stated: “While we continue to monitor the involvement of the pandemic and its impact on the capital market, all regulated entities are reminded to make adequate disclosures and report on how the pandemic is impacting operations and discharge of services to investors and other stakeholders.

“We also wish to assure investors that while efforts are on-going to ensure that capital market services remain accessible, the Commission’s priority is the protection of investors. Kindly contact us through sec@sec.gov.ng for complaints and enquiries.

The Commission added that following the Federal Government’s partial easing of the lockdown measures introduced to minimize the spread of Covid-19 across Nigeria, it has reopened its head office in Abuja.

The Commission explained that in compliance with the various guidelines issued by relevant authorities, its office is open to members of the public between 10 a.m. and 1p.m. on Mondays, Wednesdays and Fridays.

However, due to the need to protect its stakeholders and members of staff, the Commission issued some guidelines among which is that Stakeholders are strongly advised to use our various e-channels to communicate and interact with the Commission and that Physical visits should only be considered as a last resort.

Other guidelines issued by the SEC are that all meetings and events will be convened electronically until further notice; All filings shall continue to be received electronically; All visitors will be subjected to temperature checks and hand sanitization before gaining access to the Commission’s building; and also visitors are expected to wear facemasks and abide by social distancing rules while present in the Commission’s facility.

The Commission stated that personal visits are not allowed at this time adding that visitors would be expected to state their purpose and identify themselves at the entrance.

The SEC also strongly recommends that appointments are booked in advance of physical visits.

The Commissioned advised all capital market stakeholders to continue to adhere to the safety guidelines issued by the NCDC and other relevant agencies on Covid-19.

“Together, we will overcome this pandemic”, the regulator added.

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