Effective regulatory mechanism for capital markets and indeed financial markets as a whole has since come under focus in today’s investment world.
The need for effective capital market regulation is driven among other reasons by the desire to protect the investing public, instil confidence in the system and ensure financial market and economic stability which are pivotal to economic growth and development.
In Nigeria, the Securities and Exchange Commission (SEC) is mandated to regulate and develop the Capital Market. The SEC’s mission is to develop and regulate capital market that is dynamic, fair, transparent and efficient, which will also contribute to the nation’s economic development.
Two years ago, President Muhammadu Buhari appointed the current executive management team of the Securities and Exchange Commission led by Lamido A. Yuguda as Director General. In the last two (2) years, the Yuguda-led current executive management team of the SEC has no doubt made tremendous strides and achieved a good number of set goals which are expected to improve the Commission’s capability in adapting to changing economic and market conditions and ultimately delivering on its mandate.
In the past two year of the current executive management team, the SEC Nigeria has achieved quite a lot through careful implementation of sound initiatives, which include: introduction of rules on Green Bonds to promote issuance of debt instruments for financing of environmentally…
