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SEC reiterates commitment to master plan implementation

Uche Usim (Abuja); Chinwendu Obienyi

In its quest to grow investors’ confidence, the Securities and Exchange Commission (SEC) on Wednesday, reiterated its determination to  implement the 10-year capital market master plan meant to unlock various developmental initiatives to boost the economy. 

The Acting Director General of SEC, Mary Uduk, stated this in Abuja when she was honoured by the West African Student Union Parliament (WASUP) for Exemplary Leadership.

She disclosed that as the head of the apex regulatory body of the Nigerian capital market, she would along with her team continue with implementation of policies that will deepen the market and boost the Nigerian economy.
She said “The master plan will continue to be our working document and we shall continue to implement initiatives that will promote investors’ confidence such as e-dividend registration, Direct Cash Settlement, Dematerialisation, Complaint Management Framework, Financial Literacy and Investors’ Protection Fund, among others”.

The Ag. DG therefore enjoined investors who are yet to register for e-dividend and those that have not yet regularized their multiple accounts to do so.

“Forbearance window for shareholders with multiple accounts has now been extended to September 2018. Registrars have acknowledged that investors have started coming forward but there are still some challenges in the process.
We are working hard to address those challenges and that is why we encourage all affected investors to come forward and take advantage of the window before the new deadline” she said.

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