NIGERIA CONTENTS
6. Marketplaces, Exchanges and Trading Platforms p.573 6.1 Permissible Trading Platforms p.573 6.2 Regulation of Different Asset Classes p.574 6.3 Impact of the Emergence of Cryptocurrency Exchanges p.574 6.4 Listing Standards p.575 6.5 Order Handling Rules p.576 6.6 Rise of Peer-to-Peer Trading Platforms p.576 6.7 Rules of Payment for Order Flow p.576 6.8 Market Integrity Principles p.577 7. High-Frequency and Algorithmic Trading p.577 7.1 Creation and Usage Regulations p.577 7.2 Requirement to Be Licensed or Otherwise Register as Market Makers When Functioning in a Principal Capacity p.577 7.3 Regulatory Distinction Between Funds and Dealers p.577 7.4 Regulation of Programmers and Programming p.577 8. Insurtech p.578 8.1 Underwriting Processes p.578 8.2 Treatment of Different Types of Insurance p.578 9. Regtech p.578 9.1 Regulation of Regtech Providers p.578 9.2 Contractual Terms to Assure Performance and Accuracy p.578 10. Blockchain p.579 10.1 Use of Blockchain in the Financial Services Industry p.579 10.2 Local Regulators’ Approach to Blockchain p.579 10.3 Classification of Blockchain Assets p.579
10.4 Regulation of “Issuers” of Blockchain Assets p.579 10.5 Regulation of Blockchain Asset Trading Platforms p.579 10.6 Staking p.580
10.7 Crypto-Related Lending p.580 10.8 Cryptocurrency Derivatives p.580 10.9 Decentralised Finance (DeFi) p.580 10.10 Regulation of Funds p.580 10.11 Virtual Currencies p.581 10.12 Non-Fungible Tokens (NFTs) p.581 11. Open Banking p.581 11.1 Regulation of Open Banking p.581 11.2 Concerns Raised by Open Banking p.581 12. Fraud p.581 12.1 Elements of Fraud p.581
12.2 Areas of Regulatory Focus p.581 12.3 Responsibility for Losses p.582
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