Rules & Regulation

FMDQ is the frontline regulator of the Nigerian OTC financial markets and is charged with the responsibility of maintaining fair and orderly currency, debt capital and derivatives markets, inter alia. As a self-regulatory organisation licenced by the Securities and Exchange Commission, FMDQ has established a comprehensive and effective regulatory and supervisory framework to regulate the FMDQ markets and its Members, which include deposit money banks, issuing houses, investment banking and securities dealing firms, inter-dealer brokers, securities brokers, institutional, individual investors, etc.

As part of its mandate to provide governance for the markets under its purview and in its capacity as an SRO, FMDQ develops rules and provides guidance to its Members, their Authorised Representatives, and other financial market stakeholders.