SEC, Capital Market Community Holds Q1 CMC Meeting Thursday

The Securities and Exchange Commission (SEC) has scheduled a virtual meeting of the Capital Market Committee (CMC) for the first quarter 2024 on Thursday, 18TH April 2024 to discuss challenges, brainstorm ideas and make informed decisions about the progress of the Nigerian capital market.

Critical issues about the capital market will be extensively dealt with at the meeting, according to SEC statement on Monday.

According to 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 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.

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 (i.e. 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.

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.