According to a statement by the commission, the outgoing Vice Chairman of AMERC, Nezha Hayat gave the commendation at the official handover of the Committee's leadership from SEC Nigeria to Paul Muthaura of Capital Markets Authority (CMA) Kenya at the ongoing 43rd IOSCO Annual conference in Budapest, Hungary.
She also commended AMERC under the leadership of SEC Nigeria for ensuring that member countries, markets, investors and indeed the intermediaries benefitted from the numerous policies of IOSCO.
'Under Nigeria's leadership, the AMERC has grown in size and stature.
The Amerc is one of the four regional committees of the Iosco, representing 21 securities regulators across the region.
Thirty representatives from twelve of these members attended the 30th meeting of the Amerc, its first in the Dubai International Financial Centre.
AMERC is one of the four regional committees of IOSCO, representing 21 securities regulators across the region.
AMERC has further enhanced this process by introducing a regional Memorandum of Understanding (MoU), recognising the need to exchange general and more specific information about matters of regulatory concern, including financial and other supervisory information, technical expertise, surveillance and investor education and the sharing of information related to systemic risks.
th rd th Mombasa, Feb 21 (ONA) - The Sultanate represented by the Capital Market Authority (CMA) will take part at the 27 Africa and Middle East Regional Committee (AMERC
) Meeting and Conference of International Organization of Securities Commission (IOSCO) which will kick-off in Kenya's coastal city of Mombasa from Feb 23 and Feb 24 .