NSE Proposes Amendment To Rules On Board And General Meetings of Issuers


Tuesday, September 24, 2019 / 05:06PM / By NSE


The following proposed Rule Amendments, are exposed for stakeholders' comments. Participation is requested by way of reviewing the proposed Rule Amendments, and providing comments thereon.

The proposed Rule Amendments may be viewed on The Exchange's website through the links provided as follows:


1. Amendments to Issuers' Rules:

(a) Proposed Amendments to Rules Relating to Board Meetings and General Meetings of Issuers (Chapter 19)


2. Amendments to Dealing Members' Rules (Part XVIII):

(a) Rule 7.2 - Net Liquid Capital Requirement;

(b) Rule 7.6 - Prohibition of Manipulation of Financial Statement;

(c) Rule 11.14: Third Party Transactions (Sales Proceeds in the Name of Third Party);

(d) Rule 11.8: (1) No Unauthorized Use of Client Funds; Segregation of Client Funds;

(e) Rule 13.1: Record of Transactions and Right of Inspection; and

(f) Rule 13.2: Cooperation in Connection with Inspections or Investigations.


The Exchange will be grateful to receive comments not later than the close of business on 24 October, 2019. Please note that comments should be sent in a WORD document attached to an electronic mail to Mr. Oluwatoyin Adenugba, Head, Rules and Interpretation at The Exchange at oadenugba@nse.com.ng


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