725 Results Found
Revision of the Fees Structure in the Pension Industry
Ministry of Finance, Budget and National Planning, Nigeria
This document is a notification to licensed pension fund managers and stakeholders in the pension industry on the revised fees structure for the pension industry.
Nigeria • 2018 • Finance
Revised Regulation on Retiree Life Annuity Pursuant to the Pension Reform Act, 2014
Ministry of Finance, Budget and National Planning, Nigeria
This Act provides regulation for life annuity business in Nigeria including: eligibility of insurance companies; application requirements; payment process; cancellation of Retiree Life Annuity contract; transfer of Retiree Life Annuity funds and assets; death of an annuitant; investment of Retiree Life Annuity funds; custody and safegaurd of Retiree Life Annuity Assets; and complaint handling process and other related matters.
Nigeria • 2014 • Finance
Revised Guidelines on Group Life Insurance Policy for Employees
Ministry of Finance, Budget and National Planning, Nigeria
Following the Pension Reform Act 2014, these giuidelines outlines the rules and standards for the procurement and maintenance of group life insurance policy in Nigeria including the requried documentation, operational terms, death of an employee, missing employees, settlement of claims, and other related matters.
Nigeria • 2017 • Finance
Framework for the Supervision of States and Local Government Pension Schemes
Ministry of Finance, Budget and National Planning, Nigeria
This document outline the process for effective and efficient operations of of state and local government pension schemes in Nigeria including: the implementation process for contributory pension scheme; regulation and operation of other schemes; reporting requirements; and the regulation and supervision framework as well as other related matters.
Nigeria • 2009 • Finance
Revised Fund Accounting Guidelines
Ministry of Finance, Budget and National Planning, Nigeria
The aims of these guideline include: ensuring accuracy and reliability of accounting books of pension funds operators in Nigeria; to ensure uniformity in record keeping across the pension industry; and to ensure accounting records in the pension industry are in line with IFRS and FRC.
Nigeria • 2018 • Finance
Securities and Exchange Commission Rules and Regulations
Ministry of Finance, Budget and National Planning, Nigeria
The Securities and Exchange have outline these regulations for the effective and efficent regulation of securities in Nigeria. The regulation covers: registration of capital market operators; compliance requirements by capital market operators; regulation of public companies; regulation of capital market operators; and special provisions on brokers, underwriters, investment advisers rating agencies, and portfolio managers.
Nigeria • 2013 • Finance
National Pension Commission: Regimes of Sanctions and Penalties for Non/Late Submissions of Regulatory Returns
Ministry of Finance, Budget and National Planning, Nigeria
This document list the various penalties for non-compliance by operators in the pension industry on the submission of periodic returns to the National Pension Commission.
Nigeria • 2017 • Finance
Regulations for Demutualization of Securities Exchanges in Nigeria
Ministry of Finance, Budget and National Planning, Nigeria
The regulation of demutualization specifies the pre-condition for demutualization; post demutualization requirements; procedure for application; and the ownership of demutualized securities.
Nigeria • 2015 • Finance
National Pension Commission: Regimes of Sanctions and Penalties for Non-Compliance with Pension Reform Act, 2004
Ministry of Finance, Budget and National Planning, Nigeria
This document list the various penalties for non-compliance by operators in the pension industry with the Pension Reform Act, 2004.
Nigeria • 2004 • Finance
Rules on Trading on Unlisted Securities
Ministry of Finance, Budget and National Planning, Nigeria
This document list the rules for trading unlisted securities for unlisted public companies.
Nigeria • 2015 • Finance
Regulations for the Administration of Retirement and Terminal Benefits
Ministry of Finance, Budget and National Planning, Nigeria
These regulations set out the reuirements, procedures and standards relating to the administration of retirements and terminal benefits including the framework and guidance for issues regarding retirements, deaths and missing persons.
Nigeria • 2018 • Finance
Rules on Securitization
Ministry of Finance, Budget and National Planning, Nigeria
These rules cover: sales requirements, servicing aggreement, liquidity facilitating aggreement, reporting rating, special purpose investments and other related matters.
Nigeria • 2015 • Finance
Guidelines on Voluntary Contribution Under the Contributory Pension Scheme
Ministry of Finance, Budget and National Planning, Nigeria
The objective of these guidelines include: to establish a uniform set of rules for the operation of voluntary contributions; provide the necessary modalities for withdrawal; utilize voluntary contribution to enhance retirement benefits; and to engage retirees to utilize voluntary contributions to increase their existing pensions.
Nigeria • 2018 • Finance
Guidelines on Corporate Governance for Pension Fund Operators (PFOs)
Ministry of Finance, Budget and National Planning, Nigeria
The aim of these guidelines include: to incorporate best corporate governance practices in PFOs in Nigeria; to promote corporate values and ethical practices in the pension industry; to specify the roles, responsibilities and management of PFOs; and to align the interest of board, management and shareholders in the pension fund industry.
Nigeria • 2021 • Finance
Major Amendment to the Rules and Regulations of the Securities and Exchange Commission
Ministry of Finance, Budget and National Planning, Nigeria
This document specify the major amendment to the rules and regulations of the securities and exchange commission. This amendments are: sub-broker; recording of transactions with clients; and the creation of new rule.
Nigeria • 2021 • Finance
Whistle Blowing Guidelines for Pensions
Ministry of Finance, Budget and National Planning, Nigeria
These guidelines outline the guidance for reporting regulatory breaches in the pension industry. The guidance covers: the responsibility for reporting breaches; actions that causes breaches; reaction to breaches; categories of breaches; procedures for whistle blowing; and enforcement and penalties for breaches.
Nigeria • 2008 • Finance
Implementation of the Pension Reform Act, 2004: Guidelines for Transnational Arrangements
Ministry of Finance, Budget and National Planning, Nigeria
These guidelines provides guidance on transnational matters in both the private and public sector. The guideline include: accrued retirement benefits rights; contribution to scheme; access to retirement savings account; management of existing scheme; and the Nigeria Social Insurance Trust Fund.
Nigeria • 2008 • Finance
The Investments and Securities Act, 2007
Ministry of Finance, Budget and National Planning, Nigeria
This Act provides for the establisment of the Securities and Exchange Commission; the repeal of the 1999 Act on Investments and Securities; the regulatory function of the Securities and Exchange Commission on the capital market; and for the provision of regualtion for financial market investment in Nigeria such as Mergers and Take-overs as well as other related matters.
Nigeria • 2007 • Finance
Guidelines for the Publication of Rates of Return on RSA Funds by Pension Fund Administrators
Ministry of Finance, Budget and National Planning, Nigeria
The guidelines outlines the standards and requirements for good corporates practices related to the publishing of annual rates of returns by the pension fund administrators.
Nigeria • 2007 • Finance
Guidelines for Risk Management Framework for Licensed Pension Operators
Ministry of Finance, Budget and National Planning, Nigeria
These guidelines specifies: the risk management process; minimum requirements needed for risk management; the reporting requirement; and the roles and responsibilities of the board and senior management.
Nigeria • 2009 • Finance