Rules and Regulations Governing Dealing Members - The Nigerian ...
Rules and Regulations Governing Dealing Members - The Nigerian ...
Rules and Regulations Governing Dealing Members - The Nigerian ...
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RULES AND REGULATIONS GOVERNING DEALING MEMBERS(xii)'Exchange' means a body corporate known as <strong>The</strong> <strong>Nigerian</strong> Stock Exchange which has beenregistered by the Securities <strong>and</strong> Exchange Commission (SEC).(xiii)'Member Company' means a company that:(a)(b)is incorporated under the Companies <strong>and</strong> Allied Matters Act, 2004 as a limitedliability company.is recognized as a member company by <strong>The</strong> Exchange.(xiv)(xv)(xvi)(xvii)(xviii)(xix)(xx)(xxi)(xxii)(xxiii)(xxiv)'National Council' in relation to <strong>The</strong> Exchange means the persons from time to time in whomthe management of <strong>The</strong> Exchange at the national level is vested; hereinafter referred to asthe Council.'Ordinary Member' means a Member other than a <strong>Dealing</strong> Member.'Recognized Stock Exchange' means such stock exchange as the Council from time to timedecides to recognize.'<strong>Rules</strong> <strong>and</strong> <strong>Regulations</strong>' means <strong>Rules</strong> <strong>and</strong> <strong>Regulations</strong> governing <strong>The</strong> Exchange <strong>and</strong> the<strong>Members</strong> thereof, <strong>and</strong> include amendments thereto that are made from time to time.‘Secretary' means Secretary to the Council of <strong>The</strong> Exchange.'Securities' has the same meaning as is assigned to it in the Investments <strong>and</strong> Securities Act1999, however to the extent that they are under the purview of <strong>The</strong> Exchange from time totime.'Stockbroker' means a person licensed by <strong>The</strong> Exchange to trade in securities.'False Market' means a market in which a movement in the price of a share is brought aboutor sought to be brought about by contrived factors including but not limited to buyers<strong>and</strong> sellers acting in collaboration with each other, or any act which has the effect ofpreventing or inhibiting the free negotiation of market prices, or the employment of anyfictitious transaction or device or any other form of deception or contrivance.'In writing or written' shall include printing, typewriting or any other mode of representingor reproducing words in a visible form.Words signifying the singular number only shall include the plural <strong>and</strong> vice-versa.Words signifying 'he' shall include 'she' or 'it' <strong>and</strong> vice-versa.
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