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SEC to Enhance Market Confidence at CMC Meeting April 18

POSTED ON April 16, 2024 •   Business      BY Abiodun Saheed Omodara
Securities and Exchange Commission Logo l Credit: SEC l Source: @SECNigeria

The Securities and Exchange Commission of Nigeria has announced that the virtual Capital Market Committee meeting for the first quarter of 2024 will hold April 18.

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

SEC made the statement on Monday to journalists while emphasising that the meeting would prioritize critical issues affecting the market and ensure that those concerns are thoroughly addressed.

Furthermore, market players will receive updates on significant achievements by various technical committees, such as the Commodities Ecosystem Implementation Committee, E-Dividend and Direct Cash Settlement, Financial Literacy, and the Non-interest Capital Market Financial Literacy Technical Committee.

The CMC is a body that includes the SEC, capital market operators, trade groups, and other stakeholders. It serves as a crucial 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 primarily established as a means for stakeholders to exchange ideas and provide feedback to the SEC while contributing to the continuous improvement of market operations and regulatory frameworks.

“The meeting will bring together CEOs from all registered capital market firms, including broker/dealers, investment advisers, custodians, fund/portfolio managers, and more.” SEC noted

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