The Securities and Exchange Commission (SEC) is ready to host the second quarter 2015 Capital Market Committee (CMC) meeting scheduled to hold in Lagos next Tuesday (July 28, 2015).
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.
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.
Director-General of SEC, Mournir Gwarzo had recently assured that he was 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.
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);
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), and Chartered Institute of Stockbrokers (CIS);