SEC to holds first CMC meeting this week

The Securities and Exchange Commission (SEC) has announced that he is set to host the First Capital Market Committee (CMC) meeting for 2019. The regulatory body in its latest statement said that the meeting is specifically scheduled to hold on Thursday in Lagos. While the key stakeholders in the capital market will meet on March 21, members of the media would be briefed on Friday on the outcome of the CMC meeting at the SEC Lagos Zonal Office, Victoria Island, Lagos. 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 is 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 mainly established to serve as a medium for an exchange of ideas among market stakeholders as well as for feedback to SEC on how to continuously improve the 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.