NSE unveils e-filing portal to enhance securities listing
The Nigerian Stock Exchange announced on Tuesday the launch of its e-filing portal, called ‘X-Filing’.
X-Filing, which comes on the back of the recent upgrade to the NSE issuers’ portal, X-Issuer, is a fully integrated, secure web interface designed to enable the submission and processing of securities listing applications online, according to a statement.
“The portal provides dealing member firms and other accredited sponsors with a simple, efficient and convenient way to submit securities listing applications on behalf of issuers as well as enable the Exchange to process the applications online, saving time and resources,” it said.
The Executive Director, Regulation, NSE, Ms Tinuade Awe, said the launch of X-Filing accorded with the Exchange’s commitment to leverage technology to drive regulatory objectives and ease compliance for stakeholders.
She said, “Automating the securities listing process of the NSE is, therefore, a major milestone for us in our quest to ease the burden of listing for applicants and to attract new listings.
“As an agile Exchange, we continue to review our processes to ensure quick time to market as required by all our stakeholders.”
Awe said the NSE had adopted an integrated approach to ensure a seamless end-to-end process that would allow issuers to manage their securities listings and other applications from anywhere they choose at any time.
According to the bourse, X-Filing is expected to facilitate a timely review process from the Exchange, ultimately improving the quality of its service delivery.
“The portal has been designed to enhance our securities listing application processes, thereby improving issuers’ experience. We are, therefore, confident that the features we have incorporated will enhance the competitiveness of the Nigerian capital market as a global listing destination,” Awe added.
