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The Worldwide Securities Providers Affiliation has admitted FMDQ Depository Restricted, a subsidiary of FMDQ Group Plc, as a member of the affiliation.
An announcement by the FMDQ stated the membership approval of the Central Securities Depository was registered by the Securities and Trade Fee
The Chief Government Officer, Bola Onadele, stated the group thought-about the approval beneficiary to the execution of its mandate to present a secure depository for monetary markets belongings, a platform for collateral companies and switch company, in addition to facilitate efficient settlement of capital market transactions thereby lowering operational threat and enhancing effectivity.
He stated, “FMDQ Depository is worked up to turn out to be a member of ISSA, the main world securities companies business affiliation that connects members, similar to CSDs and different companies which can be concerned in all points of the securities worth chain, for the aim of effecting constructive change that impacts the business.
“Our acceptance as a member of this well-established and modern affiliation is a testomony to our dedication to being a foremost and diversified depository in Africa by 2025.”
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