Market Bulletin

Market Bulletin

FMDQ OTC Securities Exchange issues Market Bulletins to provide information to its Members and market participants on a variety of regulatory issues ranging from the introduction of new Regulation, exposure of Draft Rules & Regulation, proposed changes to the Regulation, and guidance in relation to compliance with Regulation as may be prescribed by the OTC Exchange from time to time.

 

2018
Date

Reference

DescriptionStatus
August 16MB-29
Introduction of FMDQ Clear Limited
Effective
August 16MB-28
Revision of FMDQ Rules and Regulations
Effective
August 16MB-27
Introduction of Infraction & Penalties Guide
Effective
January 22MB-26
Revision of Associate Member (Inter-Dealer Broker) Definition
Effective
2017
DateReferenceDescriptionStatus
September 5MB-25
Treatment of Settlement Amounts on Naira-Based Eligible Underlying Transactions
Effective
August 28MB-24
Clarification on the Trading Cessation Policy
Effective
May 30MB-23
Revised FMDQ E-Bond Trading Infractions and Penalties Guide
Effective
May 18MB-22
Amendments to the FMDQ Commercial Paper Quotation Rules
Effective
March 16MB-20
Use of FX Forward Contracts for Access to the OTC FX Futures Market
Effective
April 24MB-21
Approval of FMDQ Sukuk Listing Rules
Effective
January 17MB-19
Approval of Short-Term Bonds Registration Process and Listing Rules
Effective
January 13MB-18A
Settlement of Clients' Spot FX Obligations in the OTC FX Futures Market
Updates MB-18
January 9MB-18
Settlement of Clients' Spot FX Obligations in the OTC FX Futures Market
Updated by MB – 18A
2016
DateReferenceDescriptionStatus
December 7MB-17
FMDQ Disciplinary Process
Effective
October 25MB-16
Further Guidance on the Application of the OTC FX Futures Market Operational Standards
Effective
September 7MB-15
Development of Foreign Exchange Order Filling Methodology by Dealing Member (Banks)
Effective
August 23MB-14
Treatment of Clients’ Collateral Margins and Margins Due to Clients for OTC FX Futures Contracts
Effective
August 22MB-13
Further Guidance on the Application of the OTC FX Futures Market Operational Standards
Supersedes MB – 11 (R)
August 1MB-12
Registration of FMDQ Dealing Member (Banks) with the Securities and Exchange Commission
Effective
July 27MB-11 (R)
Further Guidance on the Application of the OTC FX Futures Market Operational Standards (Revised)
Superseded by MB-13
July 22MB-10
Exposure of Draft Private Companies Bonds Quotation Rules
Expired
July 22MB-9
Exposure of Draft Fixed Income Securities Investment Clients Services Rules
Expired
March 30MB-8
Revised Appeal Process for Penalties on Trading Infractions
Effective
March 23MB-7
Complaints Management on FMDQ OTC Securities Exchange
Effective
2015
DateReferenceDescriptionStatus
April 17MB-6
Quick Tips - Placement of Firm Quotes For All Benchmark Securities on E-Bond
Effective
2014
DateReferenceDescriptionStatus
Dec 22MB-5
Execution & Confirmation of FX Trades Between Dealing Members
Effective
Aug 20MB-4
Reporting of Inaccurate and Incomplete Data
Effective
Aug 1MB-3
Disclosure of Infraction and Penalties in Published Annual Reports and Accounts
Effective
Jul 14MB-2
Transactions with Brokers - Revised Version
Effective
Jun 13MB-1
Reporting of Voice Trades
Effective