The Securities and Exchange Commission (SEC) has announced the postponement of its Third Quarter Capital Market Committee (CMC) meeting, originally scheduled for November 14, 2024. This decision was made to accommodate urgent regulatory commitments, according to a statement released by the SEC on Saturday.
The CMC serves as a vital platform for industry dialogue, bringing together the SEC, capital market operators, trade groups, and other stakeholders. It is designed to facilitate the exchange of ideas, address critical issues impacting market growth and organization, and collaborate on shaping the future of the capital market.
Established to foster stakeholder feedback, the committee plays a crucial role in enhancing market operations and regulatory frameworks. The upcoming meeting typically gathers chief executives from registered capital market firms, including brokers, investment advisers, custodians, and fund managers.
In its statement, the SEC expressed regret for any inconvenience caused by the postponement, saying, “The Commission is constrained to postpone the forthcoming Capital Market Committee meeting to allow the Commission to attend to urgent regulatory commitments. We will communicate the new date in the coming days.”
The CMC meets quarterly and serves as an essential medium for stakeholders to provide input on ongoing challenges and improvements within the capital market. The commission emphasizes its commitment to continuous enhancement of operations and regulatory measures to better serve the market and its participants.
