Nigeria: SEC to Enhance Market Stability with Upcoming CMC Virtual Meeting

SEC to Enhance Market Stability with Upcoming CMC Virtual Meeting
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The Securities and Exchange Commission of Nigeria is set to host its first Capital Market Committee (CMC) meeting of 2024, which will be conducted virtually on Thursday, April 18.

The SEC announced on Monday that this quarter’s meeting will concentrate on tackling current challenges and developing strategic initiatives to promote the growth of the Nigerian capital market.

The meeting aims to address key market issues comprehensively and update participants on the progress made by various technical committees. These committees include 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 brings together the SEC, market operators, trade groups, and other stakeholders in a collaborative environment. It is designed to facilitate robust discussions, idea sharing, and strategic planning, crucial for addressing pivotal concerns that influence market growth and efficiency.

Established as a forum for stakeholder interaction and feedback, the CMC plays an essential role in the ongoing enhancement of market operations and regulatory frameworks.

According to the SEC, the meeting will feature participation from CEOs of all registered capital market firms, including broker/dealers, investment advisers, custodians, fund/portfolio managers, and others, underscoring its comprehensive industry representation.

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