NSE Strengthens Investor Protection With Upgrade of X-Whistle

Proshare - Facebook Proshare - Twitter Proshare - Linked In Proshare - WhatsApp

Tuesday, August 25, 2020 / 05:04 PM / By NSE / Header Image Credit: NSE

Proshare Nigeria Pvt. Ltd.

The Nigerian Stock Exchange (NSE or The Exchange) is pleased to announce the upgrade of its whistleblowing platform, X-Whistle on Tuesday, 25 August 2020.


X-Whistle which was first launched in 2014, is a web-based whistleblowing portal that empowers a whistleblower - an employee, investor, compliance officer, Issuer, stockbroker or any member of the public - to report possible violations of the rules and regulations of The Exchange, the securities law and fraud related to activity within the capital market.


The upgraded X-Whistle, accessible via, here, boasts an improved user interface and easier navigation to enhance user experience. Some of the new features include a single repository for complaints, tips and referrals; and the ability to generate detailed and varied reports with analytics for proper tracking.


Speaking on the development, the Chief Executive Officer, NSE, Mr. Oscar N. Onyema, OON noted that, "This upgrade affirms our commitment to upholding market integrity, protecting investors and building a world-class capital market that is fully digitized. The X-Whistle has, therefore, been enhanced to ensure that all stakeholders are better able to sound the alarm on market violations in a quick, easy and seamless manner. We believe that the updates we have made to the X-Whistle will enhance market integrity and encourage accountability, while improving the experience of stakeholders in our market."


On her part, the Executive Director, Regulation Division, NSE, Ms. Tinuade Awe, stated, "The Exchange is pleased to introduce the upgraded X-Whistle to the market with robust features that will allow people with information about misconduct to come forward to report it and to provide all stakeholders with the means of expressing their concerns in a responsible and effective manner. In 2019 alone, the complaints, tips and referrals received have led to investors' restitution in excess of N1.4 Billion. The X-Whistle will, therefore, further equip The Exchange with the tools required to properly assess reports, carry out the necessary investigations and resolve issues efficiently."


The Exchange remains committed to providing a dynamic and robust capital market regulatory regime for the benefit of all its stakeholders. The NSE therefore encourages all stakeholders to blow the whistle via X-Whistle in order to rid the market of infractions and misconduct.

 Proshare Nigeria Pvt. Ltd.

Related News

  1. NSE Launches X-Whistle, a whistle blowing Portal
  2. NSE Proposes Rules on Outsourcing of Functions and Shared Services, Fintech Collaborations
  3. We are Committed to Capital Market Growth - Lawmaker
  4. SEC DG Says Automation of Processes Key to Efficiency
  5. SEC Working to Attract More Investors - Yuguda
  6. NSE Notifies of the Effective Date of Rules on Release Calendar for Regulatory Announcements
  7. SEC to Continue Implementation of Capital Market Master Plan
  8. NSE Upgrades X-Issuer to Further Enhance Market Integrity
  9. SEC Proposes New Rules on CIS and Sundry Amendments For Exposure
  10. SEC Issues Clarifications on New Rules on Collective Investment Schemes
  11. SEC Releases Requirement for Additional Information on All Prospectuses Issued to The Public
  12. IOSCO Encourages Issuers' Fair Disclosure About COVID-19 Related Impacts
  13. SEC Reminds Regulated Entities to Make Adequate Disclosures on the Impact of COVID-19 on Operations
  14. FAQs on Deposit Insurance System and Its Implementation by the NDIC
  15. SEC Publishes Guidelines for Issuance of FI Securities By Statutory Bodies in WASRA Member Countries
  16. Jurisdictions Move Towards Full Implementation of Standards for Financial Market Infrastructures
  17. IOSCO Reprioritizes its Work Program to Address Impact of COVID-19
  18. NSE Notifies of Effective Date of Rules on Acquisition of a Dealing Member License
  19. IOSCO Statement on Application of Accounting Standards during the COVID-19 Outbreak
  20. BCBS and IOSCO Announce Deferral of Final Implementation Phases of the Margin Requirements for NCDs

Proshare Nigeria Pvt. Ltd.

 Proshare Nigeria Pvt. Ltd.

Related News