SEC begins implementation of risk-based supervision project

The Securities and Exchange Commission (SEC) has begun the implementation of the regulatory capacity improvements under the risk-based supervision framework and capacity building project.

The commission said this in a statement on its website that the project, funded from the AfDB Group administered Capital Markets Development Trust Fund, is to finance the Risk-Based Supervision Framework Implementation and Capacity Development Project.

The statement said the project would provide technical assistance and capacity building on selected areas of the commission’s operations.

It added that it would support the implementation of risk-based supervision framework, improve the regulatory environment of securities markets and broaden market instruments that would help to deepen the capital markets in Nigeria.

According to the statement, the project will strengthen the commission’s supervisory tools as well as its capacity to achieve the mandate of investor protection and minimising systemic risk.


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