The Securities and Exchange Commission may revoke the licence of about 400 capital market professionals on July 31.
The commission said that the operators in question include reporting accountants, solicitors and estate surveyors who fail to provide updated information about their operations.
To carry out the act, the commission said it would invoke the provisions of the Investment and Securities Act of 2007, that compels all capital market professionals to update their registration with the regulator.
The commission first issued the directive to operators in December 2016 and again, in February this year.
