The Securities and Exchange Commission (SEC) has announced that its first Capital Market Committee (CMC) meeting in 2022 will virtually hold tomorrow to appraise Fintech Roadmap and other issues covered in its 10-Year Capital Market Master Plan (CMMP).
The meeting is expected to feature key stakeholders in the capital market who will deliberate on issues of market growth and development.
According to the commission, attendance at the event is strictly by invitation and all invited participants will be sent links with which to join the meeting.
The CMC was primarily established to serve as a medium for 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.
The CMC meeting, which holds quarterly, is an industry-wide committee comprising members of the SEC, representatives of capital market operators and trade groups and other stakeholders.
At tomorrow’s meeting, issues bordering on implementation of the Ten Year Capital Market Master Plan, implementation of the Fintech Roadmap as well as other salient matters relating to the capital market and the economy would be discussed.
It would be recalled that the Commission had unveiled a 10-Year Capital Market Master Plan (CMMP) in November 2014 and has continued to implement the key components, which are designed to reposition the Nigerian Capital Market as an attractive investment destination and a critical facilitator of capital formation for the accelerated growth and development of the Nigerian economy.
Some of the CMMP initiatives that had been implemented include; Direct Cash Settlement, regularisation of multiple subscriptions, dematerialization of share certificates, and the introduction of the e-Dividend Management System.
The CMMP initiatives have helped in promoting transparency, protecting investors and enhancing market confidence.
The objectives of the CMMP are also in consonance with the Federal Government’s economic strategy, focused on encouraging a private sector-led economy to drive inclusive growth.
