KENYA: NSE Announces Launch of Unquoted Securities Platform

Thursday May 13 2021

On 12^th May 2021, the Nairobi Securities Exchange (NSE) published a press release that it has officially launched its Unquoted Securities Platform (USP). The USP is a market infrastructure that facilitates the trading, clearing and settlement of securities of unquoted companies in Kenya. This development is part of NSE’s ongoing initiatives to ensure our market is able to facilitate the trading and clearing of all financial market transactions conducted in our market.

These significant improvements in NSE’s infrastructure are key and underscore the Company’s commitment to offer best-in-class technology capabilities to support easier trading and execution of transactions in our market.

The automated USP solution offers numerous advantages that companies can explore as they pursue capital raising and price discovery while offering an easier transfer platform for investors. Investors enjoy a reduction of settlement delays and the system allows surveillance by the Exchange and the Regulator, thereby protecting investors in the market. The register of investors is managed by an independent registrar protecting the register from possible manipulation. Additionally, the platform eliminates possibilities of human error associated with manual processing. For issuers, the platform provides access to capital and an introduction to capital market transactions easing their possible transition into the main quoted market.

Click on the above link for further information.