SEC’s 2nd CMC meeting to focus on economy, master plan

August 5th, 2018

The second Capital Market Committee (CMC) of the Securities and Exchange Commission (SEC) meeting for 2018 will focus on issues bordering on implementation of the Ten Year Capital Market Master Plan as well as other relating to the capital market and the economy.

The commission in a statement on Sunday said the meeting which scheduled to hold from Thursday August 9th to Friday August 10th will have in attendance CEOs of all registered capital market firms (i.e Broker Dealer, Capital Market Solicitors, Custodians, Fund Managers, Issuing Houses, Rating Agencies, Registrars, Reporting Accountants, Trustees, and Consultants, etc.);

Others are Chief Executive Officers of The Nigerian Stock Exchange (NSE), National Association of Securities Dealers (NASD), The Financial Markets Dealers Quotations (FMDQ), Africa Exchange Holdings (AFEX), Nigeria Commodity Exchange (NCX), Central Securities Clearing System (CSCS), Chartered Institute of Stockbrokers (CIS); as well as representatives of relevant Financial Services’ Agencies, among others.
The SEC added that while the key stakeholders in the capital market will meet on August 9th, members of the media would be briefed on Friday on outcome of the CMC meeting.
The commission advised that admission into the venue would be upon presentation of the CMC Identity Card and strictly by invitation.
According to the SEC, “Attendance to both events is strictly by invitation. Invited participants are expected to come with their identity cards to be admitted into the venue and all invited participants are expected to be seated by 9.45am,”
The CMC was mainly established to serve as a medium for exchange of ideas among market stakeholders as well as for feedback to SEC on how to continuously improve the market activities and regulation.
It is an industry-wide committee comprising members of the commission, representatives of capital market operators and trade groups and other stakeholders. The CMC meets every quarter to deliberate on various issues affecting the market and other policy matters.

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