The Chairman, Association of Stockbroking Houses of Nigeria, ASHON, Chief Patrick Ezeagu in this interview explained the significance of the Approval- in- Principle recently granted for the commencement of Lagos Commodities and Futures Exchange, LCFE, by the Securities and Exchange Commission, SEC. He also spoke on privatisation of public entities, mutual fund trading platform among others.
By Peter Egwuatu
NOW that Association of Stock broking Houses of Nigeria, ASHON has been granted the Approval-In Principle for Lagos Commodities and Futures Exchange, LCFE, by the Securities and Exchange Commission, SEC. What is the significance of this approval and what is the next line of action?
The Approval-In-Principle means SEC believes that we are on course and we can start to set up for operations, that is, do those things that erstwhile regulatory requirements hindered us from doing. We were given the window to prepare for final approval. This endorsement by SEC signifies that we…
