The Securities and Exchange Commission (SEC) said it has handed a six-week deadline to capital market operators to submit board-approved recapitalisation or license downgrade plans.
The directive was disclosed in the revised minimum capital guidelines issued by the Commission on March 18, 2026.
The Commission stated that all capital market operators must submit their board-approved and comprehensive implementation plans within six weeks of the June 30, 2027, compliance deadline.
“All CMOs are required to submit their recapitalization or downgrade plans within six weeks, with clear timelines and execution strategies.
“Each plan must detail current capital position, minimum requirements, funding strategy, risk considerations, and governance structure.”
“Operators that fail to provide credible plans risk sanctions, including licence restrictions and regulatory delays under the ISA 2025 framework.
“Pending applicants are not exempt, and applications older than 12 months will lapse and require fresh filings,” the SEC said.
