The capital market regulator, the Securities and Exchange Commission (SEC) on Monday unfolded the Capital Market Committee (CMC) for the first quarter of 2024.
The virtual meeting scheduled for Thursday, April 18, 2024, the Commission said would provide the forum to discuss challenges, brainstorm ideas and make informed decisions about the progress of the Nigerian capital market.
Coming at a time that Nigerians have expressed serious concerns over the performance of the capital market, the Commission said critical issues about the capital market would be dealt with extensively during the meeting.
O9ther aspects of the meeting’s agenda, SEC said, includea 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 and 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.
The primary objective of establishing the committee was 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 meeting include Chief Executive Officers (CEOs) of all registered capital market firms, namely Broker/Dealers, Investment Advisers, Custodians, Fund/Portfolio Managers, Receiving Banks, Issuing Houses, Rating Agencies, Registrars, Reporting Accountants, Trustees, and Capital Market Consultants, etc.); Chief Executive Officers of 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.
