SEC, capital market stakeholders chart way forward at CMC meeting

The Securities and Exchange Commission (SEC) has disclosed that the Capital Market Committee (CMC) for the first quarter of 2024 will hold to discuss challenges, brainstorm on ideas and make informed decisions about the progress of the Nigerian capital market.

The first CMC meeting for 2024 comes up on Thursday and will discuss critical issues about the capital market.

According to the SEC, there will be a presentation of updates on major achievements from the various technical Committees such as Commodities Ecosystem Implementation Committee, E-Dividend and DCS, Financial Literacy and Non-interest Capital Market FLTC and many others driving the implementation processes of the Capital Market Master Plan. 

CMC is an industry-wide committee comprising the SEC, representatives of capital market operators and trade groups, and other stakeholders.  The committee is a forum where stakeholders come together to engage in insightful discussions concerning the critical factors that impact the growth and organised functioning of the capital market, address the foremost concerns influencing the capital market, and work together to shape its future.

It was primarily established to serve as a medium for the exchange of ideas among market stakeholders as well as an avenue for providing feedback to the SEC on how to continuously address challenges, improve market operations, and enhance the regulatory framework.