​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​DEALING MEMBERS COMPLIANCE​​ >> BrokerTraX

Efficient and well regulated market place 

The Nige​rian Stock Exchange (​NSE), in i​ts bid to improve investors’ confidence in the market commenced a strong campaign against market infraction by its dealing members by introducing a dealing members compliance report, BrokerTraX. With the BrokerTraX, investors can now make more informed decisions about where to invest by viewing names of Dealing Member Firms t​hat have been found liable for contraveni​ng market rules. The goal is to reduce contravention of market rules to its barest minimum in line with the deliberate and sustain​ed effort to restore confidence.

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With The NSE's zero tolerance policy on regulatory infractions, there has been an increase in compliance by Dealing Members​.

S/No​Item20102011201220132014201520162017
1Average Compliance (Rendition of regulatory returns) 38%55%75%94%76%96%76%79%
2Enforcement Actions Carried Out 5247437424557608328267
3Number of Rules Breached19112025191111


  
  
Blacklisted Dealing ClerksNewBlacklisted Dealing Clerks.pdf
Cases Referred to EFCCNewCases Referred to EFCC.PDF
Dealing Member Firms Involved in Unauthorised Sale and Misappropriation of Clients FundsNewDealing Member Firms Involved in Unauthorised Sale and Misappropriation of Clients Funds.pdf
Dealing Member Firms Non Compliant with the Minimum Operating StandardsNewDealing Member Firms Non Compliant with the Minimum Operating Standards.pdf
Dealing Member Firms Operating With Inadequate Shareholders FundNewDealing Member Firms Operating With Inadequate Shareholders Fund.pdf
Dealing Member Firms Operating Without a Compliance OfficerNewDealing Member Firms Operating Without a Compliance Officer.pdf
Dealing Member Firms Operating without a Managing DirectorNewDealing Member Firms Operating without a Managing Director.pdf
Dealing Member Firms Status of Audited Financial StatementNewDealing Member Firms Status of Audited Financial Statement.pdf
Dealing Member Firms Status of Quarterly ReturnsNewDealing Member Firms Status of Quarterly Returns.pdf
Dealing Member Firms that have Reclassified to Sub-broker FunctionNewDealing Member Firms that have Reclassified to Sub-broker Function.pdf
Disciplinary Actions of The Disciplinary CommitteeNewDisciplinary Actions of The Disciplinary Committee.pdf
Other InfractionsNewOther Infractions.pdf
Regulatory Actions Against Dealing ClerksNewRegulatory Actions Against Dealing Clerks.pdf
Status of Dealing Member FirmsNewStatus of Dealing Member Firms.pdf
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