SEC holds first-quarter 2019 CMC meeting

Securities and Exchange Commission (SEC)

The Securities and Exchange Commission (SEC), has announced that the first Capital Market Committee (CMC) meeting for 2019 would hold from Thursday, March 21 – 22, 2019 at the Eko Hotels and Suites, Victoria Island, Lagos.

While the key stakeholders in the capital market will meet on March 21, members of the media would be briefed on March 22 on the outcome of the CMC meeting.

However, SEC has advised that admission into the venue would be upon presentation of the CMC Identity Card and strictly by invitation.

According to the Commission, “attendance to both events will be strictly by invitation. Invited participants are expected to come with their identity cards to be admitted into the venue and all invited participants are expected to be seated by 9.45am.”

The CMC was established to serve as a medium for exchange of ideas among market stakeholders as well as for feedback to SEC on how to continuously improve market activities and regulation.

It is an industry-wide committee comprising members of the commission, representatives of capital market operators and trade groups and other stakeholders. The CMC meets every quarter to deliberate on various issues affecting the market and other policy matters.

During the meeting, issues bordering on implementation of the 10-Year Capital Market Master Plan as well as others relating to the capital market and the economy would be discussed and the outcome made known to the media.

The 10-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.