The Private Companies’ Securities (PCS) Noting Service is an initiative designed to establish minimum information standards and foster transparency within Nigeria’s private capital space by addressing information asymmetry and promoting confidence in private securities disclosures. PCS, issued through private placements and traded bilaterally in the secondary space, will be documented on the FMDQ Private Markets repository, serving as a central source of reliable and structured information on private capital activity. Key Benefits of the PCS Noting Service include:
- Comprehensive Information Access
– Availability of detailed features of all PCS noted on FMDQ Private Markets, enabling effective portfolio valuation
- Ongoing Transparency
– Up-to-date and timely disclosures through the Post-noting Compliance Framework, requiring PCS issuers and their Eligible Transaction Sponsors to submit periodic updates
- Efficient Processes
– Streamlined and responsive noting procedures to facilitate timely recording Through these features, the PCS Noting Service reinforces FMDQ Private Markets’ role as the central repository for accurate, reliable, and continuous information on private company securities and activities.