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SEC Holds First 2018 CMC Meeting April 19

By Modupe Gbadeyanka

The Securities and Exchange Commission (SEC) has announced that its first Capital Market Committee (CMC) meeting in 2018 will hold next month.

In a statement signed by the management of the apex capital market regulator, it was disclosed that the meeting is scheduled for Thursday, April 19 and Friday, April 20, 2018.

The meeting will take place at the Federal Palace Hotel, Victoria Island, Lagos.

While the key stakeholders in the capital market will meet on April 19, members of the media would be briefed on Friday on outcome of the CMC meeting.

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“The first Capital Market Committee (CMC) meeting in 2018 has been scheduled to hold on Thursday, April 19, 2018 at the Federal Palace Hotel, Victoria Island, Lagos.

“The usual interface with members of the press will hold the following day being Friday, April 20, 2018, at the SEC Lagos Zonal Office at 3, Idejo Street, Victoria Island, Lagos,” the statement issued by SEC stated.

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

“Attendance to both events is strictly by invitation. Invited participants are expected to come with their identity cards to be admitted into the venue,” SEC said.

“All invited participants are expected to be seated by 9.45am,” it added.

The CMC was mainly 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 the market activities and regulation.

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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 the capital market and the economy would be discussed and the outcome made known to the media.

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Modupe Gbadeyanka is a fast-rising journalist with Business Post Nigeria. Her passion for journalism is amazing. She is willing to learn more with a view to becoming one of the best pen-pushers in Nigeria. Her role models are the duo of CNN's Richard Quest and Christiane Amanpour.

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