Skip to content

  • Market
    • Securities Trading
      • Admitted Securities
      • Watch List
      • Delisted Companies
    • Eligible Securities
    • Securities Categorization
    • Market Statistics
      • Market Snapshot
      • Price List
      • Trade Summaries
    • Corporate Calendar
    • Market Services
  • Join NASD
    • Why Join NASD PLC
    • Our Markets
    • Primary Market Offerings
    • Secondary (OTC) Market
    • Register as an Operator
    • Data Services
  • Members & Partners
    • Participating Institutions
      • Broker/Dealer Firms
      • Broker Firms
    • Registrars
    • Settlement Banks
    • Central Securities Depository
    • Issuing Houses
    • Custodians
  • Investors
    • Appoint a Broker
    • Tradable Instruments
    • Market Fees
    • Trading Hours
    • FAQs
  • News & Events
    • Analyst Reviews
    • Announcements
    • Corporate Disclosures
    • Events
    • Market News
    • RFPs
    • Videos
  • Rules & Regulations
    • Regulatory Status
    • NASD Rules
    • Circulars
    • Document Library
  • About
    • About NASD
    • Investor Relations
      • Financials
      • Corporate Governance Report
    • Our Board
    • Our Team
    • Careers
    • Contact
    • NASD Whistleblower
Get in Touch
  • OTC Securities Exchange
  • Crowd Funding
  • N-DSP
  • Enterprise Portal
  • Private Markets
NASD
  • Market
    • Securities Trading
      • Admitted Securities
      • Watch List
      • Delisted Companies
    • Eligible Securities
    • Securities Categorization
    • Market Statistics
      • Market Snapshot
      • Price List
      • Trade Summaries
    • Corporate Calendar
    • Market Services
  • Join NASD
    • Why Join NASD PLC
    • Our Markets
    • Primary Market Offerings
    • Secondary (OTC) Market
    • Register as an Operator
    • Data Services
  • Members & Partners
    • Participating Institutions
      • Broker/Dealer Firms
      • Broker Firms
    • Registrars
    • Settlement Banks
    • Central Securities Depository
    • Issuing Houses
    • Custodians
  • Investors
    • Appoint a Broker
    • Tradable Instruments
    • Market Fees
    • Trading Hours
    • FAQs
  • News & Events
    • Analyst Reviews
    • Announcements
    • Corporate Disclosures
    • Events
    • Market News
    • RFPs
    • Videos
  • Rules & Regulations
    • Regulatory Status
    • NASD Rules
    • Circulars
    • Document Library
  • About
    • About NASD
    • Investor Relations
      • Financials
      • Corporate Governance Report
    • Our Board
    • Our Team
    • Careers
    • Contact
    • NASD Whistleblower
NASD

Home Rules & Regulations NASD Rules

NASD Rules

The NASD OTC Securities Exchange Rules and Regulations set out the admission requirements and related guidance for market activities, as well as the continuing obligations of the issuers/company upon admission.

Please see relevant guides and supporting documents below and in the Document Library or Contact Us

DISCLOSURE REQUIREMENTS FOR ISSUERS OF SECURITIES ADMITTED ON NASD

GUIDELINES FOR SCHEME OF ARRANGEMENT AND CONVERSION

NASD MARKET MAKER RULES

NASD LINKED NOTES OPERATIONAL GUIDELINES

PENALTIES FOR BREACHES OF THE RULES & REGULATIONS OF THE NASD OTC MARKET (SEC approved October 2018)

TRADE GUARANTEE FUND RULES (SEC approved October 2018)

NASD RULES ON NOMINAL TRANSFERS (SEC approved)

NASD RULES FOR THE ADMISSION OF RIGHTS ISSUES

NASD OTC MARKET RULES

NASD Newsletter

Thank you!

NASD OTC Securities Exchange is a member of the Association of Securities Exchanges of Africa (ASEA), Lagos Chamber of Commerce (LCC) and the Association of Securities Exchanges of Nigeria (ASEN).

Join NASD

  • Join The OTC Market
  • Join NASD Private Market
  • Join NASDeP
  • Join NASD Crowdfunding
  • Join NASD Digital Securities Platform
  • Register as an Operator

OTC Market

  • Securities Trading
  • Eligible Securities
  • Securities Ranking
  • Market Rules
  • Market Data
  • Market Fees

Contact Us

9th Floor, UBA House,
57 Marina, Lagos State, Nigeria

Phone: (+234) 902 455 9686

Email: info@redund.nasdng.com.ng

Copyright © 2025 NASD | Privacy Policy | Cookies Policy | Legal Notice