By Chioma Obinagwam
NGX Regulation Limited (NGX RegCo), the independent regulatory arm of Nigerian Exchange Group, has published its supervision priorities for 2021 on Wednesday, 14 April 2021.
NGX RegCo told Confiance News in a statement on Wednesday.
The publication is to ensure a fair and orderly market whereas the supervision priorities provide guidance to Trading License Holders (TLHs) of the Exchange, the investing public, and other stakeholders and are underpinned by business practices considered to be of market wide interest.
According to the Chief Executive Officer (CEO), NGX RegCo, Ms. Tinuade Awe, “The priority document provides an insight into the performance of TLHs with regards to previous areas of regulatory concerns and observed emerging trends. Some of these include the increased dependence of TLHs on virtual communication and trading channels occasioned by the COVID-19 pandemic, as well as new market trends as it relates to new laws, regulation, and rules.
“Our supervisory programs have, therefore, been re-evaluated to introduce various initiatives designed to deal with the present challenges, including issuing statements, developing dialogue platforms for regulatory updates and providing assistance through regulatory arrangements that seek to cushion the financial and operational effects of regulatory activity on the businesses of our stakeholders as appropriate,” She continued.
This year, NGX RegCo will focus primarily on 19 areas of regulatory concerns organised into four broad categories, which include Technology, Market Integrity, Operations and Emerging Trends.
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