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
DateReferenceDescriptionStatus
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Superseded by MB-13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