SEC, others to discuss capital market master plan


The Securities and Exchange Commission has announced that the second Capital Market Committee meeting of the year will hold this week.

SEC, in a statement on Sunday, said issues bordering on the implementation of the 10-year Capital Market Master Plan as well as others relating to the capital market and the economy would be discussed during the meeting.

The master plan for the nation’s capital market, which is expected to refocus the market, help double its size over time and grow the economy, was unveiled in November 2014.

 The apex regulator said while the key stakeholders in the capital market would meet on Thursday, August 9, members of the media would be briefed on Friday on the outcome of the meeting.

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

The committee, which comprises members of SEC, representatives of capital market operators and trade groups and other stakeholders, meets every quarter to deliberate on various issues affecting the market and other policy matters.

Source: PUNCH

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