SEC, Stakeholders to Brainstorm on Critical Capital Market Issues
Ndubuisi Francis in Abuja
The Securities and Exchange Commission (SEC) and other stakeholders are billed for the first quarter the Capital Market Committee (CMC) meeting where critical issues about the market will be extensively discussed.
A statement issued by the commission Monday, said the virtual meeting, which holds on April 18, 2024, will feature discussions on challenges, exchange of ideas and make informed decisions about the progress of the Nigerian capital market.
According to the SEC, there will be a presentation of updates on major achievements from the various technical committees such as Commodities Ecosystem Implementation Committee, E-Dividend and DCS, Financial Literacy and Non-interest Capital Market FLTC and many others driving the implementation processes of the Capital Market Master Plan.
CMC is an industry-wide committee comprising the SEC, representatives of capital market operators, trade groups, and other stakeholders.
The committee is a forum where stakeholders come together to engage in insightful discussions concerning the critical factors that impact the growth and organised functioning of the capital market, address the foremost concerns influencing the capital market and work together to shape its future.
It was primarily established to serve as a medium for the exchange of ideas among market stakeholders, as well as an avenue for providing feedback to the SEC on how to continuously address challenges, improve market operations and enhance the regulatory framework.
Expected participants at the CMC meeting include chief executive officers (CEOs) of all registered capital market firms, brokers/dealers, investment advisers, custodians, fund/portfolio managers, receiving banks, issuing houses, rating agencies, registrars, reporting accountants, trustees, and capital market consultants.
Others are Chief Executive Officers of the Nigerian Exchange Group (NGX), National Association of Securities Dealers (NASD); FMDQ Group Plc; Africa Exchange Holdings (AFEX); Nigeria Commodity Exchange (NCX); Central Securities Clearing System (CSCS), as well as representatives of relevant financial sector regulatory agencies, among others.
