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

Efficient and well regulated market place 
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The Nigerian Stock Exchange ( NSE), in its 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 that have been found liable for contravening 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.​

​​With The NSE's zero-tolerance policy on regulatory infractions, there has been an increase in compliance by Dealing Members.
S/NoItem20102011201220132014201520162017​2018​2019​2020
1Average Compliance (Rendition of regulatory returns)38%55%75%94%76%96%76%79%​85%​86%​85%
2Enforcement Actions Carried Out5247437424557608328267​171​167​82
3Number of Rules Breached19112025191111​17​​18​14
Note that the reduction in the number of enforcement actions carried out in the year 2020 was due to the regulatory concessions granted to Dealing Member Firms in order to cushion the adverse effect of COVID-19 on their business operations.
  
  
Blacklisted Dealing ClerksBlacklisted Dealing Clerks.pdf
Cases Referred to EFCCCases Referred to EFCC.pdf
Disciplinary Actions of The Disciplinary CommitteeDisciplinary Actions of The Disciplinary Committee.pdf
Other InfractionsOther Infractions.pdf
Regulatory Actions Against Approved PersonsRegulatory Actions Against Approved Persons.pdf
Status of Trading license HoldersStatus of Trading license Holders.pdf
Trading License Holders Involved in Unauthorised Sale and MisappropriationTrading License Holders Involved in Unauthorised Sale and Misappropriation.pdf
Trading License Holders Non Compliant with the Minimum Operating StandardTrading License Holders Non Compliant with the Minimum Operating Standard.pdf
Trading License Holders Operating With Inadequate Shareholders FundTrading License Holders Operating With Inadequate Shareholders Fund.pdf
Trading license Holders Operating Without a Compliance OfficerTrading license Holders Operating Without a Compliance Officer.pdf
Trading license Holders Operating without a Managing DirectorTrading license Holders Operating without a Managing Director.pdf
Trading License Holders Status of Audited Financial StatementTrading License Holders Status of Audited Financial Statement.pdf
Trading License Holders Status of Quarterly ReturnsTrading License Holders Status of Quarterly Returns.pdf
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