November 22, 2015/SEC
The Securities and Exchange Commission (SEC) is ready to host the Third Quarter 2015 Capital Market Committee (CMC) meeting scheduled to hold in Lagos next Wednesday (November 25, 2015).
According to a statement from SEC, the meeting is scheduled to hold at the Intercontinental Hotel and top on the agenda would be the capital market master plan implementation.
The ten-year master plan for the Nigerian capital market which is expected to refocus the market and help double its size over time and grow the economy was unveiled last November.
DG of SEC, Mounir Gwarzo had recently assured that he is committed to ensuring the implementation of the 10-year Capital Market Master Plan.
According to him “I have only one agenda for the market, my agenda for the market is to faithfully and religiously implement the 10-year Capital Market Master Plan. It will be recalled last year SEC set up three committees to drive market growth and the best brains in the market participated in the three committees and they worked tirelessly and came up with an excellence report which was launched last year, what we lacked in the country is the faithful implementation of reports.
It was in pursuant to this drive that Gwarzo recently visited Vice President Yemi Osinbajo in Abuja to intimate him about the efforts the Commission had made so far in implementing the 10 year Master Plan as well as brief the Vice President about ongoingmarket reforms spearheaded by the SEC.
The SEC DG also informed the Vice President of the upcoming inauguration of the Capital Market MasterPlan Implementation Council CAMMIC, the launching of the Corporate Governance Scorecard and the inauguration of the Investors Protection Fund all scheduled for Thursday 26 November 2015
Those invited to attend the Meeting are Chief Executive Officers (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, Consultants), Others are Chief Executive Officers of capital market professional associations, CEOs of Africa Exchange Holdings (AFEX), Central Securities Clearing System (CSCS), National Association of Securities Dealers (NASD), Nigeria Commodity Exchange (NCX), The Financial Markets Dealers Quotations (FMDQ) and The Nigerian Stock Exchange (NSE).
The CEOs of each observer groups (i.e Asset Management Corporation of Nigeria, Central Bank of Nigeria, Corporate Affairs Commission, Debt Management Office, Federal Ministry of Finance, Federal Mortgage Bank of Nigeria, Federal Inland Revenue Service, Investment and Securities Tribunal, Nigerian Deposit Insurance Corporation, Nigerian Investment Promotion Council, National Insurance Commission, National Pension Commission) and Financial Services Regulation Coordinating Committee (FSRCC); and Chairmen of the Senate and House Committees on capital Market.
