SEC Head Office Abuja
SEC moves to introduce revised Capital Market Master Plan
Securities and Exchange Commission (SEC) has disclosed of plans to unveil a revised version of the 10-year Capital Market Masterplan which, it added, will take into account market dynamism and innovations in financial technology (fintech), among others.
Director-General of SEC, Mr Lamido Yuguda, who was disclosed this by in a New Year Message, further expressed the optimism that the consequences of the many measures implemented will progressively manifest, spurring developments in many parts of the market in the new year.
Yuguda stated that the Commission would strengthen stakeholder cooperation, develop synergies, and increase the effectiveness in order to achieve goals of the Capital Market Masterplan.
He stated that SEC would innovate to keep up with the changing times and “continue the enhancement of the existing regulatory framework guiding the operations of the market by keeping pace with the evolving changes in market practices, especially with the advent of Financial Technology and digital assets.
“As we expect improvements in both economic and capital market activities, we must remain committed to developing the market in line with the 10-year Master Plan. Some of the key initiatives to be pursued in 2022 are; the repeal of the Investment and Securities Act (ISA) 2007 and passing of the Investment and Securities Bill 2021 to align the enabling law with the realities and trends in capital market regulation and practice in Nigeria.”
