This was stated by the SEC in a statement released in Abuja
weekend.
The Commission said the event which will hold on Wednesday
August 4, 2021, is expected to have in attendance Chief Executive Officers and
Company Secretaries of public companies.
“The objectives of issuers forums among others are to:
Maintain regular contact with the regulator and policy makers: Advise the
regulator and policy makers on regulations affecting companies/issuers and
conduct research, organize conferences, roundtable discussions and other events
for the benefit of members” The SEC stated
Also, the forum is to promote sound corporate governance and
ethical conduct among members: promote healthy competitiveness among members
and maintain an enabling business environment by monitoring issues of direct
relevance to members.
According to the SEC, the need for a forum for issuers has
become apparent in order to enable issuers monitor and respond to developments
in financial regulation and/or government policies.
“The forum will also serve as a medium of regular engagement
between SEC and issuers of securities in order to address challenges, improve
the business environment and enhance contribution of the capital market to the
growth of the Nigerian economy.
“It is expected that with the establishment of SIF, SEC will
be better positioned to engage issuers on capital raising opportunities to
facilitate increased participation in the capital market, development of new
products to meet funding needs and addressing issues relating to compliance
with regulatory requirements. In all, SIF has the potential to shorten the
distance between SEC and issuers of securities,” The SEC stated.
The establishment of SIF has the potential for far-reaching
direct and indirect impact on other stakeholders by provision of a wider range
of investment opportunities and portfolios for investors, improved access to
capital to fund expansion projects and new ventures, deepening and broadening
the capital market and increasing its contribution to the nation’s development.
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