SEC Restructures to Improve Market Activities

The Securities and Exchange Commission (SEC) has announced some changes in its organisational structure.

This, according to the Commission, is aimed at boosting its regulatory activities and effectively discharging its functions.

SEC, in a statement yesterday, explained that the changes also aligned with the SEC’s vision of becoming “one of the leading capital market regulators in the world and regulating a capital market that is dynamic and efficient enough to contribute to the nation’s economic development.”

It said that SEC’s Legal and Enforcement Directorate was a particular focus of the changes, adding it was done to boost its capacity for market surveillance, monitoring and investigating malpractices.

Other changes included the creation of new departments such as the office of the chief economist, market development, strategy, ethics, procurement and fixed income. It added that new divisions such as Litigation, Investor Protection, Investor Outreach, Call Centre, Non-interest Financial Products, Programme Management Office were created.