In line with efforts to augment long-term protection for investors and stakeholders in the capital market, The Nigerian Stock Exchange (NSE) has set Minimum Operating Standards (MOS) for its Trading License Holders. MOS will cater for all three classes of Trading License Holders (broker dealers, brokers and dealers) and address the five broad areas of manpower and equipment, organizational structure and governance, effective processes, global competitiveness and technology.
The Minimum Operating Standards would enhance regulations and build strong operational structure that would help mitigate risk in a sustainable manner.
Why the Minimum Operating Standards?
- To improve Corporate Governance
- To strengthen and deepen the market
- To build a world class market
- To restore investors’ confidence and create wealth
- To protect investors as well as secure a sustainable market
- To reduce the cost of capital formation and increase economic growth
To address enquiries on the MOS implementation and the minimum capital requirements prescribed by the Securities and Exchange Commission (“SEC”), The NSE has set up a designated Help Desk:
- contactcenter@nse.com.ng
- 07002255673
- Hours of Operation: 8:30 a.m. to 5:00 p.m.