Proshare Logo
   Market Date: 17-04-2014   
Agriculture All One Min News Archives Bonds Cap Mkt Sentiments Capital Market CASHLESS NIGERIA Commodities Corporate Earnings Daily & Weekly Market Updates Enterpreneurship ETFs Forex Frauds & Scandals General Global Market Insurance Investors NewsBeat Islamic Finance Mergers & Aquisitions Money Market Mortgage Mutual Funds Nigeria Economy Oil Sector Opinions and Analysis Pensions People Politics Power Products & Services Professionals Property Public Offers Private Placements Regulators REITs STOCKPICKS Taxation Telcos Travel & Tours Unlisted Stocks World of Business

Classification of Status of Dealing Member Firms

Category: Capital Market


  Read (1592)
Classification of Status of Dealing Member Firms

February 14, 2012

The Nigerian Stock Exchange in a circular to all Dealing Member Firms announced that they (Member Firms) will henceforth be classified under the following status:

*       *Active

*       *Dormant

*       *Inactive

Active: Dealing Member Firms whose activities are not suspended or hindered in any way are active.

Dormant: Dealing Member Firms which have been suspended by either The Exchange and/or Securities & Exchange Commission for any market infraction for a period not exceeding six months. The firm must also be seen as making concrete efforts towards addressing and resolving the issues for which it was suspended.

Inactive: A Dealing Member Firm will be considered inactive under the following circumstances:

1.   1.  Where the firm has been suspended for a period of more than 6 months by The Exchange or SEC.
 

2.   2. Where the firm has not recorded any activity for a period of three months or more without being suspended.

The purpose of this classification is to put the status of Dealing Member Firms in proper perspective and in the determination of regulatory action to be taken against them.

 

CLICK HERE TO DOWNLOAD FULL CIRCULAR

Related Links

NSE revokes licences of 10 brokerage firms over malpractices; 48 declared inactive.

List of Active Dealing Firms on the NSE.

 

 

 



Tags: , 



Comment With Your Facebook or Yahoo! ID


Latest news


News on Capital Market

About Us

Who We Are
Our Team & Partners
Corporate Governance
Advertise with Us
Subscribe / Unsubscribe
Site Map
News Feed - RSS
Newsletter
Contact Us
Message from CEO
Resources

News & Features
The Analyst / Market Data
Investor Relations Portal
The Regulator
Economy & Politics
WebTV
Training Portal
Events Calendar
NewsStands - Online Reputation

Products and Services

Research & Market Intelligence
Analyst Services
Offers & Rights Support Service
Investor Relations Services
Alert & Subscription Services
Share Support Services
Proshare Consult
Event & Seminar Coverage
Market Directory
File a Complaint
News & Analysis

#1minNews
News from TheANALYST
Video News from WebTV
Money Market Updates
Opinions & Analysis
Nigerian Economy
Market Data
The Regulator
Newsletters
Discussion Forum
Policy

Subscriber Agreement
Privacy Policy
Data Policy
Disclaimer
Copyright Policy
Trademarks
Comments in Site
Advertising Code
Conflict of Interest
Content Partnership
3rd Parties

Online Trading and Execution
Training
Legal Support Services
Web/Technology Services
File a Complaint