The Securities and Trade Fee has postponed its Third Quarter Capital Market Committee assembly.
In accordance with a press release by the SEC on Saturday, the assembly earlier mounted for November 14, 2024, was postponed to permit the fee to take care of pressing regulatory commitments.
The CMC is an industry-wide physique comprising the SEC, capital market operators, commerce teams, and different stakeholders.
It serves as a pivotal platform for dialogue, facilitates the change of concepts, addresses key points affecting market progress and organisation, and collaborates on shaping the market’s future.
The committee was established primarily as a method for stakeholders to change concepts and supply suggestions to the SEC, aiding within the steady enchancment of market operations and regulatory frameworks.
The assembly attracts CEOs from all registered capital market companies, together with brokers/sellers, funding advisers, custodians, fund/portfolio managers, and extra.
The assertion learn, “The Fee is constrained to postpone the forthcoming Capital Market Committee assembly to permit the Fee to take care of pressing regulatory commitments.
“We’ll talk the brand new date within the coming days. We sincerely apologize for any inconveniences attributable to the postponement.”
The CMC was primarily established to function a medium for the change of concepts amongst market stakeholders in addition to an avenue for offering suggestions to the SEC on the way to constantly tackle challenges, enhance market operations and improve the regulatory framework.
It’s an industry-wide committee comprising members of the SEC, representatives of capital market operators and commerce teams and different stakeholders. The CMC meets each quarter.