According to the SEC, the principal objectives of the project are to provide technical assistance and capacity building on selected areas of the Commission\u2019s operations, support implementation of risk-based supervision framework, improve the securities markets regulatory environment and broadening of market instruments that will help deepen the capital markets in Nigeria and strengthen the Commission\u2019s supervisory tools as well as its capacity to achieve its mandate of investor protection and minimising systemic risk.
For the project, the mode of procurement to be adopted is Quality and Cost Based (QCBS) and the risk-based supervision framework implementation component would involve the development of best practise risk based supervision inspection manuals, tools and guidelines for the market.
\u201cThe envisaged activities also include capacity building on prudential risk-based supervision approach including the development or update of relevant risk matrices and models for data analysis and interpretation as well as expansion of existing AML\/CFT matrix.
\u201cCapacity building in risk-based supervision will focus on enhancing SEC\u2019s approach in carrying out its monitoring and supervisory role over all capital market operators namely fund\/investment managers, conventional & commodity exchanges, stockbrokers, issuing houses (investment banks) etc\u201d The SEC stated.<\/div>\n<\/p>","protected":false},"excerpt":{"rendered":"
The Securities and Exchange Commission (SEC) has commenced the implementation of the regulatory capacity improvements under the risk-based supervision framework and capacity building project.<\/p>\n","protected":false},"author":6,"featured_media":50478,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[23,17],"tags":[575],"coauthors":[2391],"class_list":["post-51229","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-business","category-news","tag-sec"],"yoast_head":"\n
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