Monday, April 16, 2018 8.30AM / SEC
The Securities and Exchange Commission (SEC) is set
to host the First Capital Market Committee (CMC) meeting for 2018. The meeting
is scheduled to hold in Lagos from Thursday April 19 to Friday April 20, 2018
at the Federal Palace Hotel, Victoria Island, Lagos.
According to a statement from SEC, the meeting is
scheduled to hold at the Federal Palace Hotel and top on the agenda would be
the capital market master plan implementation and other Capital Market
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 November 2014.
Recall that the Commission has vigorously
implemented some initiatives in the Master Plan with the aim of attracting more
investors to the market.
Some of the initiatives, include direct cash
settlement, dematerialisation and e-Dividend Registration , as they promote
transparency, protect and enhance investors’ confidence in the capital market.
The SEC therefore enjoins all shareholders to take
advantage of the initiatives introduced in the capital market aimed, primarily,
at strengthening the market and accelerating economic development.
This, SEC said is in consonance with the present
administration’s economic strategy focused on deepening the capital market as a
vehicle for encouraging a private sector-led economy with enhanced
Those who have been invited to attend the expanded
session 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,
and Consultants, e.t.c);
Others are Chief Executive Officers of The Nigerian
Stock Exchange (NSE), National Association of Securities Dealers (NASD), The
Financial Markets Dealers Quotations (FMDQ), Africa Exchange Holdings (AFEX),
Nigeria Commodity Exchange (NCX), Central Securities Clearing System (CSCS),
Chartered Institute of Stockbrokers (CIS); as well as representatives of
relevant Financial Sevices' Agencies, among others.
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