SEC aims to enhance market confidence during CMC gathering
The Securities and Exchange Commission of Nigeria has disclosed plans for the virtual Capital Market Committee meeting for the first quarter of 2024.
Set to take place on Thursday, April 18, the meeting aims to tackle key challenges and foster innovative strategies to propel the Nigerian capital market forward.
Emphasizing its commitment to addressing critical market issues, the SEC highlighted the meeting's focus on ensuring thorough resolution of pertinent concerns.
Furthermore, market participants will receive updates on noteworthy achievements from several 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.
The CMC, consisting of the SEC, capital market operators, trade groups, and other stakeholders, plays a crucial role as an industry-wide body. It serves as a central platform for dialogue, fosters the exchange of ideas, addresses critical issues affecting market growth and organization, and collaborates on shaping the market's trajectory for the future.
The committee was primarily formed to facilitate the exchange of ideas among stakeholders and offer feedback to the SEC, thereby assisting in the ongoing enhancement of market operations and regulatory frameworks.
The SEC remarked, "The meeting will gather CEOs from all registered capital market firms, encompassing broker/dealers, investment advisers, custodians, fund/portfolio managers, and others."
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