NSE Proposes Rules on Free Float, REITs and Listing on Growth Board

June 1, 2018/NSE

Notification of proposed rules and rule amendments and invitation for comments notice is hereby given that, the following proposed rules and rule amendments are exposed for comments. Your participation is required by way of reviewing the proposed rules and rule amendments, and providing your comments thereon. The proposed rules and rule amendments may be viewed through the links provided as follows:

S/No Proposed Amendments and Draft Rules
1 Proposed Issuers’ Rules:
Rules Governing Compliance with Free Float Requirements for Issuers Listed on The Exchange;
Rules for Listing of Real Estate Investment Trusts (REITs) on The Nigerian Stock Exchange;
Rules for Listing on the Growth Board of The Nigerian Stock Exchange;
Rules on Release Calendar for Regulatory Announcements and Filings of Listed Companies.
2 Amendments to Issuers’ Rules:
Proposed Amendments to Chapter 8 of the Issuers’ Rules – Addition of Requirements for Listing of Eurobonds and Securities Issued in Foreign Currency
3 Proposed Dealing Members’ Rules:
– Rules on Placing of Caution on Accounts
4 Amendments to Dealing Members’ Rules (Part XVB):
– Proposed Rules on Securities Transactions Between Dealing Members of The Exchange

We will be grateful to receive your comments not later than the close of business on Monday, 2 July 2018. Please note that your 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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