Debt and stock market players in West Africa plan to complete the harmonization and validation of regulation for trading and settlement of securities by June, Lamido Yuguda, chairman of West Africa Securities Regulators Association, said at a conference in Lagos.
The rule will facilitate the establishment of a common market in the region for the issuance and trading of financial assets across member countries, Yuguda, who’s also the director-general of the Nigerian Securities and Exchange Commission, said.
The capital market regulators’ umbrella body was founded in 2015 to foster market integration in West Africa.
[Bloomberg]