Rules and regulation serve an important purpose to foster transparency, consistency, and fairness (component factors of regulation) in the financial markets. As a self-regulatory organisation, FMDQ aims to strike a seamless balance between the aforementioned factors through robust documentation and enforcement of its regulation.
FMDQ works closely with the relevant regulatory authorities, including the Securities and Exchange Commission, Central Bank of Nigeria and the Debt Management Office to develop and enforce rules and regulation, with a view to building an enduring marketplace. The Rules provide the regulatory framework for FMDQ’s Members and their activities within the FMDQ markets. These include rules and regulation governing trading of products within the FMDQ markets, registration, listing and quotation of securities, as well as the conduct of Members on the FMDQ platform. The Rules may be subject to periodic review and amendments from to time to time, to keep in line with global best practices.