NOTICE OF MEETING!

TO:                                                                                                                                              

FUND MANAGERS, TRUSTEES, CUSTODIANS, NSE, CSCS & FMAN

The Commission in its desire to develop the Collective Investment Schemes sector of the Capital market and further deepen the Nigerian Capital Market as a whole is planning an interactive session with Fund Managers, Trustees and Custodians of Unit Trust Schemes. To this end a meeting has been scheduled as follows:

Date: Thursday 19^th July, 2012

Time: 10:30 AM

Venue: Securities & Exchange Commission’s Lagos Zonal Office, Lagos.

ISSUES TO BE DISCUSSED

1. Adoption of IFRS for Collective Investment Schemes: issues and challenges;
2. Incentives to motivate growth of the Fund;
3. Distribution/sales point with respect to Funds;
4. Introduction of professional qualification for Fund Managers;
5. Reduction in Fund Expenses-
       i. Management fees
       ii. Custodian fees.

6. Report on migration to Custodians;
7. Possibility of classifying Funds i.e. Fully regulated CIS, - Professional CIS, - Specialized CIS;
8. Pro posed introduction of half yearly report;
9. Benchmarking funds performance;

10.  Certification & continuous professional development.

PLEASE BE PUNCTUAL AS THE ACTING DIRECTOR GENERAL WOULD BE ATTENDING THE MEETING

For any enquiry please contact Mrs. C. E. Nwude using the details below;

Mobile phone – 08036349540

E-mail – cnwude@sec.gov.ng