Securities and Exchange Commission (SEC) has been commended on its tirelessness, professionalism and dedication among others while it hosted the secretariat of the Africa and Middle East Regional Committee (AMERC) of the International Organisation of Securities Commissions (IOSCO). 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.
Hayat, who is also the CEO of Authorite Marocaine Du Marche Des Capitaux (AMMC) Morocco, listed the monumental approval of Arabic as an additional official language of IOSCO as one of the achievements of the Committee under the leadership of SEC Nigeria. According to Hayat, the committee did its best particularly within these last two years to steer the AMERC into more relevance within IOSCO, especially with the increased engagement both among its members and indeed on the higher level.
This was in addition to their increased participation and involvements in technical activities within IOSCO for the overall benefit of the region, expressing sincere belief that AMERC will continuously deepen its participation in IOSCO technical work and share experiences, information, at a larger scale which will continue to deepen markets and to be more inclusive. In his remarks, IOSCO Secretary-General, Paul Andrews said the IOSCO leadership is glad with the efforts of AMERC to bring the African and Middle East regions up to speed in their regulatory capabilities. Andrews congratulated the new leadership, adding that the future is bright as the group is well served by its leaders.
In his remarks, new AMERC Chair, Muthaura, encouraged AMERC member countries to continue with efforts at key policy making and standard setting within the organisation.
