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​​​LISTING OF ETFs

​NSE Regulation​​
The Nigerian Stock Exchange (NSE) provides prospective issuers (international or local) looking to list Exchange Traded Funds (ETFs) end-to-end support with respect to idea formulation, index development and calculation services, product listing and trading. The listing structure of the Exchange allows for the quick and efficient listing of ETFs and other ETPs by local or foreign issuer alike. NSE operates an efficient and transparent market centred on maximizing value for investors and issuers.

Rules for Listing ET​Fs | Guidelines for Listing ETFs on NSE
 
​​ ​Benefits of listing EFTs on​ the NSE​

Listing your ETF on The NSE gives you the following benefits:

Access​​ Access to a wide range of institutional, retail, local and international investors.
Visibility Access to an enhanced transparent, efficient and orderly secondary market trading, thereby benefitting from greater visibility and increased liquidity. Your ETF also benefits from via the activities of trading information vendors.
Corporate Transparency & Greater Efficiency  The disclosure standards demanded of listed issuers leads to an improvement in their control, management information and operating systems
Investors Awareness and Confidence Increased awareness and product knowledge raises the confidence of investors and improves the marketability and recognition of the ETF.
Increased Liquidity Listing your ETF on the NSE increases liquidity, tradability and thus their attractiveness to Investors
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Listing requirements​ ​Each application for listing shall consist of the following: Hard Copies
  • Evidence of payment of application/listing fees and CSCS eligibility fee
  • Certified true copy of certificate of incorporation
  • Certified true copy memorandum and articles of association
  • Board reso​lution
  • Interim accounts (if any)
  • Profit/dividend forecast
  • Statement of reporting accountants
  • Proposed time table
  • Vending agreement
  • Trust deed
  • Letters of consent from parties
  • Abridged application (2 Copies)
  • Detailed draft prospectus
  • Draft abridged prospectus​
  • Memorandum on offer pricing
  • Estimated cost of issue
  • Updated List of receiving agents (2 Copies)
  • CAC form Co2 and Co7 of any institutional investors holding more than 5% of the issued and fully paid up share capital of the company/issuer
  • A certified copy of every report, valuation, resolution or other document any of which is extracted or referred to in the prospectus
​Soft c​opies
  • Abridged application
  • Prospectus​
  • Estimated cost of issue ​
Do contact us via Productmanagement@nse.com.ng for assistance.​​