Trading License: NGX Regulation Publishes 2021 Supervision Priorities For Holders

The independent regulatory arm of Nigerian Exchange Group, NGX Regulation Limited (NGX RegCo), has published its supervision priorities for 2021.

The supervision priorities provide guidance to Trading License Holders (TLHs) of the Exchange, the investing public, and other stakeholders and are underpinned by business practices considered to be of market wide interest to ensure a fair and orderly market.

In a statement, the Chief Executive Officer of NGX RegCo, Tinuade Awe, said “The priority document provides an insight into the performance of TLHs with regards to previous areas of regulatory concerns and observed emerging trends. Some of these include the increased dependence of TLHs on virtual communication and trading channels occasioned by the COVID-19 pandemic, as well as new market trends as it relates to new laws, regulation, and rules.”

“Our supervisory programs have, therefore, been re-evaluated to introduce various initiatives designed to deal with the present challenges, including issuing statements, developing dialogue platforms for regulatory updates and providing assistance through regulatory arrangements that seek to cushion the financial and operational effects of regulatory activity on the businesses of our stakeholders as appropriate”. Awe noted.

This year, NGX RegCo is expected to focus primarily on nineteen (19) areas of regulatory concerns organised into four (4) broad categories: Technology, Market Integrity, Operations and Emerging Trends

NGX Regulation Limited (NGX Regulation) is a wholly owned subsidiary of Nigerian Exchange Group Plc; registered with the Securities and Exchange Commission (SEC) as a Self-Regulatory Organization (SRO), to provide Regulatory Services to the Nigerian Exchange Limited under the terms of a Regulatory Services Agreement (RSA), and other SROs, trade groups/Associations and Statutory Regulators/Agencies.

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