Banking & Finance · In force

Investments and Securities Act 2025

Repeals ISA 2007. Introduces a modernised securities regime — recognises digital assets, expands SEC powers, formalises commodities trading.

Signed
2025-03-29
Assented by
Status
In force
01 Background

The ISA 2025 replaces the 18-year-old Investments and Securities Act 2007. It expands SEC's jurisdiction to digital assets (cryptocurrency exchanges, tokenised securities) for the first time in primary legislation, formalises the regulatory framework for commodity exchanges, and tightens the enforcement regime against Ponzi schemes — making them explicitly criminal with stiffer penalties. It also recognises systemically important capital market operators with bespoke prudential requirements.

02 Key provisions · 6
§ 01
Digital assets (including cryptocurrency) explicitly within SEC jurisdiction
§ 02
Commodities exchanges formally regulated
§ 03
Ponzi/Hyip schemes explicitly criminalised with 10-year imprisonment
§ 04
Investor Protection Fund expanded
§ 05
Bespoke rules for systemically important capital market operators
§ 06
Tokenised securities recognised
03 What changed in practice
SEC now has clear statutory authority over crypto exchanges (before, it was administrative guidance)
Several Ponzi-scheme operators charged under the new Act (CBEX collapse, 2025)
AfriEx, Yellow Card and other digital-asset firms now register under primary legislation
04 Who it affects
Capital market operatorsCrypto exchangesRetail investorsCommodity traders
05 What it repealed / replaced
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