NSE to deliver securities lending rules in December
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NSE to deliver securities lending rules in December 17 October 2011Lagos Reporter: Anna Reitman
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Rules on securities lending are expected to be issued in December by management of the Nigerian Stock Exchange (NSE) in a bid to mature the capital market, according to media outlet This Day Live.
CEO of the Asset Management Corporation of Nigeria (AMCON), Mustapha Chike-Obi, who was involved in developing the rules, spoke to This Day at the fall meetings of the International Monetary Fund (IMF) and World Bank in Washington.
According to Chike-Obi as reported by This Day, the rules and regulations that would guide securities lending in Nigeria were already concluded and were being forwarded to the national regulator of the capital market, Securities and Exchange Commission (SEC), Nigeria for approval.
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