Nigeria: Publication of Financial Sector Assessment Program Documentation––Detailed Assessment of Implementation of IOSCO Objectives and Principles of Securities Regulation

IMF Staff Country Reports, May 28, 2013

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Canonical URL: Nigeria: Publication of Financial Sector Assessment Program Documentation––Detailed Assessment of Implementation of IOSCO Objectives and Principles of Securities Regulation

An assessment of the level of implementation of the International Organization of Securities Commissions (IOSCO) Principles in Nigeria was conducted as part of the International Monetary Fund (IMF)-World Bank Financial Sector Assessment Program (FSAP).
The assessment evaluates whether supervisory practices are sufficiently effective in light of the ongoing global financial crisis.
The assessment methodology provides a set of assessment criteria to be met in respect of each principle to achieve the designated benchmarks.

Evaluation of implementation of IOSCO Objectives and Principles of Securities Regulation in Nigeria.
Judgment of supervisory practices' effectiveness in the context of financial stability concerns raised by the global financial crisis.
Use of a defined assessment methodology with criteria tied to benchmarks for each IOSCO principle.

Subjects: Auditing; Capital markets; Financial institutions; Financial markets; Financial statements; Public financial management (PFM); Securities; Securities markets
Keywords: Auditing; capital market operator; Capital markets; CR; disciplinary action; Financial statements; Global; ISCR; minister of finance; SEC market regulation mandate; SEC rule; SEC Rules; SEC staff; Securities; securities exchange; Securities markets; share certificate; unit trust