SEC to enhance market confidence at Nigeria’s Q1 CMC Meeting

0 59

The Securities and Exchange Commission of Nigeria has announced the virtual Capital Market Committee meeting for the first quarter of 2024.

The meeting is scheduled for Thursday, 18 April 2024 and will focus on addressing pressing challenges and brainstorming strategic ideas to advance the Nigerian capital market.

SEC disclosed this to journalists in a statement on Monday.

It emphasised that the meeting will focus on critical issues affecting the market and ensure that these concerns are thoroughly addressed.

Updates on significant accomplishments by various technical committees, including the Commodities Ecosystem Implementation Committee, E-Dividend and Direct Cash Settlement, Financial Literacy, and the Non-interest Capital Market Financial Literacy Technical Committee, will be presented.

These committees are integral to the implementation of the Capital Market Master Plan.

The CMC is an industry-wide body comprising the SEC, capital market operators, trade groups, and other stakeholders. It serves as a pivotal platform for dialogue, facilitates the exchange of ideas, addresses key issues impacting market growth and organization, and collaborates on shaping the market’s future.

The committee was established primarily as a means for stakeholders to exchange ideas and provide feedback to the SEC, aiding in the continuous improvement of market operations and regulatory frameworks.

SEC noted, “The meeting will draw CEOs from all registered capital market firms, including Broker/Dealers, Investment Advisers, Custodians, Fund/Portfolio Managers, and more. Additionally, CEOs of the Nigerian Exchange Group, National Association of Securities Dealers, FMDQ Group Plc, Africa Exchange Holdings, Nigeria Commodity Exchange, Central Securities Clearing System, and representatives from relevant financial sector regulatory agencies will participate.”

Strictly by invitation, the SEC has made it clear that attendance at both the CMC meeting and the press webinar scheduled for the following day, Friday, 19th April 2024, is mandatory for participants who should be seated by 9:45 am. The press interface via webinar is scheduled to further engage with media members and disseminate information from the meeting.

“The usual interface with members of the Press will be held the following day Friday, 19th April 2024 through a Webinar.

“Attendance at both events is strictly by invitation. All invited participants are expected to be seated by 9:45 am,” it stated.

Leave A Reply

Your email address will not be published.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More