{"id":47151,"date":"2023-06-16T17:33:52","date_gmt":"2023-06-16T17:33:52","guid":{"rendered":"https:\/\/www.africa-press.net\/namibia\/all-news\/nsx-acquires-world-federation-of-exchanges-membership"},"modified":"2023-06-16T17:45:26","modified_gmt":"2023-06-16T17:45:26","slug":"nsx-acquires-world-federation-of-exchanges-membership","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/namibia\/all-news\/nsx-acquires-world-federation-of-exchanges-membership","title":{"rendered":"NSX acquires World Federation of Exchanges\u2019 membership"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Namibia. <\/strong><\/span>The Namibian Stock Exchange (NSX) announced its advancement of membership status with admission as a full member of the World Federation of Exchanges (WFE) after being an affiliate member for over a decade.<\/p>\n<p>The WFE board of directors, at their meeting on 24 May 2023 in Tokyo, approved the NSX\u2019s full membership application. The full membership application process included a series of due diligence review assessments, the submission of a candidacy paper to demonstrate in detail how the NSX aligns with the 13 WFE principles, and an on-site inspection.<\/p>\n<p>The on-site inspection was conducted in the first week of April 2023 by the WFE inspection team who visited the exchange and interviewed NSX management, the Namibia Financial Institutions Supervisory Authority (Namfisa), the Bank of Namibia, the finance ministry, one listed company, one stockbroker, IT vendors and partners to independently verify the veracity of the submissions made by the NSX.<\/p>\n<p>Reflecting on this important milestone, NSX CEO Tiaan Bazuin remarked: \u201cWe would like to thank our stakeholders for their time, effort and valuable input in the assessment that was conducted by the WFE team. Full membership to the WFE will contribute further in the NSX\u2019s vision of economic growth and prosperity, providing an efficient marketplace for companies to raise capital locally, and for savings to be used for the benefit and development of Namibia. It will open our market to a larger international investing pool\u201d.<\/p>\n<p>The WFE is an international trade group which supports the interests of regulated securities exchanges around the world, and promotes widespread access to financial markets and the safety and soundness of the global financial system. It is the global industry group for exchanges and clearing houses (CCPs) around the world, representing over 250 market infrastructures, including 66 exchanges from across the securities and futures\u2019 industry representing the vast majority of exchange-traded business, as well as clearing houses.<\/p>\n<p>The mandate of the WFE is to contribute to the development, support and promotion of organised and regulated securities\u2019 markets in order to meet the needs of the world\u2019s capital markets in the best interests of their users. Moreover, the federation provides support to newer and smaller exchanges in their efforts to develop markets which function according to federation member standards, thus contributing to global respect for the business practices of a well-run industry.<\/p>\n<p>Membership of the WFE is an international criterion for many regulators and asset management institutions to allow privileged access for investment.<\/p>\n<p>It identifies an exchange as having assumed the commitment to prescribed business standards, recognised as such by members, owners and users of exchanges, as well as by regulators and supervisory bodies. Therefore, admission as a full member will allow more international investors and specifically international institutional investors to invest in Namibian-listed securities without the typical due diligence required on the market, which has historically been a prerequisite to investing in Namibia. There are currently 12 African stock exchanges with full membership status.<\/p>\n<p><strong>For More News And Analysis About <a href=\"https:\/\/www.africa-press.net\/namibia\">Namibia<\/a> Follow <a href=\"https:\/\/www.africa-press.net\/\">Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Namibia. The Namibian Stock Exchange (NSX) announced its advancement of membership status with admission as a full member of the World Federation of Exchanges (WFE) after being an affiliate member for over a decade. The WFE board of directors, at their meeting on 24 May 2023 in Tokyo, approved the NSX\u2019s full membership [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":47149,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[234,236,233],"class_list":["post-47151","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-namibia","tag-namibia"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>NSX acquires World Federation of Exchanges\u2019 membership - Namibia<\/title>\n<meta name=\"description\" content=\"The Namibian Stock Exchange (NSX) announced its advancement of membership status with admission as a full member of the ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/namibia\/all-news\/nsx-acquires-world-federation-of-exchanges-membership\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"NSX acquires World Federation of Exchanges\u2019 membership\" \/>\n<meta property=\"og:description\" content=\"The Namibian Stock Exchange (NSX) announced its advancement of membership status with admission as a full member of the ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/namibia\/all-news\/nsx-acquires-world-federation-of-exchanges-membership\" \/>\n<meta property=\"og:site_name\" content=\"Namibia\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2023-06-16T17:33:52+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-06-16T17:45:26+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/nambia\/sites\/29\/2023\/06\/sm_1686924883.880948.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"720\" \/>\n\t<meta property=\"og:image:height\" content=\"491\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/nsx-acquires-world-federation-of-exchanges-membership#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/nsx-acquires-world-federation-of-exchanges-membership\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/namibia\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"NSX acquires World Federation of Exchanges\u2019 membership\",\"datePublished\":\"2023-06-16T17:33:52+00:00\",\"dateModified\":\"2023-06-16T17:45:26+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/nsx-acquires-world-federation-of-exchanges-membership\"},\"wordCount\":503,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/nsx-acquires-world-federation-of-exchanges-membership#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/nambia\/sites\/29\/2023\/06\/sm_1686924883.880948.jpg\",\"keywords\":[\"africa press\",\"Africa Press-Namibia\",\"namibia\"],\"articleSection\":[\"all news\",\"economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/namibia\/all-news\/nsx-acquires-world-federation-of-exchanges-membership#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/nsx-acquires-world-federation-of-exchanges-membership\",\"url\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/nsx-acquires-world-federation-of-exchanges-membership\",\"name\":\"NSX acquires World Federation of Exchanges\u2019 membership - 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