Lagos - As from July 5, the Nigerian Stock Exchange (NSE) will start imposing additional sanctions on quoted companies which mislead the investing public through inaccurate, misleading, false or deceptive information.
To new move by NSE is to achieve zero tolerance against infractions of its rules as a way to boost investors’ confidence in the nation’s capital market, reports The Nation.
Tinuade Awe, Head, Legal and Regulation Department, NSE, said the rules , otherwise known as 'Rules Governing the Use of Issuers’ Portal' is a great step towards curbing abuses in the market.
She, however noted that the exchange will delay enforcement in some provisions in the new rules till January 2015 to allow for more time.
Read more at The Nation.
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