SEC to unveil vision for capital market at committee meeting

The Securities and Exchange Commission (SEC) says Emomotimi Agama, its director-general, will unveil the vision for the industry at the second capital markets committee (CMC) meeting.

In a statement on Thursday, the SEC said the meeting, scheduled to hold on August 14 in Lagos, aligns with President Bola Tinubu’s ‘Renewed Hope’ agenda.

The commission said the meeting aims to develop strategies for enhancing the capital market’s role in driving economic growth and development through initiatives that attract investments, improve market efficiency, and safeguard investor interests.

The meeting, according to the agency, would bring together key stakeholders in the Nigerian capital market to discuss the industry’s current landscape, regulatory framework, and strategies for future growth.

The SEC said participants will exchange ideas and reaffirm their commitment to fostering a robust investment climate characterised by innovation, sustainability and investor protection.

“The meeting would focus on critical issues affecting the market and ensure that those concerns were thoroughly addressed,” the statement reads.

“To inform its deliberations, the committee will review reports from technical committees, market infrastructures, and industry observers. Emerging market trends will also be a focal point of discussion.

“The meeting will draw CEOs from all registered capital market firms, including broker/dealers, investment advisers, custodians, fund/portfolio managers, and more.”

The statement said the CMC is an industry-wide body comprising the SEC, capital market operators, trade groups, and other stakeholders.

It serves as a pivotal platform for dialogue, facilitates the exchange of ideas, “addresses key issues impacting market growth and organisation and collaborates on shaping the market’s future”.

The SEC said the committee was established primarily as a means for stakeholders to exchange ideas and provide feedback, aiding in the continuous improvement of market operations and regulatory frameworks.