The Director General of the Security and Exchange Commission (SEC), Arunma Oteh on Monday express interest in pursuing a second term bid for the position of Chairperson of the Africa/Middle East Regional Committee (AMERC) of the International Organisation of Securities Commissions (IOSCO) at the ongoing 37th annual conference/meeting of IOSCO in Beijing, China.
Ms Oteh’s ambition was contained in a statement signed by one Yakubu Olaleye of the Media department of SEC.
Nigeria is the current head of AMERC in IOSCO which is credited as the global standard setter for securities market regulation.
The statement reads in part: “her quest for re-election is underscored by the focused and all-inclusive leadership she has provided the regional committee
“It is also based on her impressive achievements since assuming the position in 2010, upon her appointment as the head of SEC, Nigeria.
“Under her leadership, the AMERC has refocused on key result areas and strategic issues that have enhanced the delivery of her vision for the region.
“This has within the short period, boosted the profile of the regional committee and improved the visibility of the region within the IOSCO community.
“The AMERC chairperson is credited for relentlessly supporting members in their quest to qualify as signatories to the IOSCO.”
The statement also credited Ms Oteh to have promoted improved regional communication and cooperation.
It added that she had consistently ensured a more effective representation of the region at the various levels of the organisation’s policy- making activities.
The Africa/Middle East Regional Committee was established by the IOSCO President’s Committee at the 1992 Annual Conference in London.
Before 1992, Africa and the Middle East were the only regions within the Organisation without a common forum. The Committee was formed with Israel, Jordan, Kenya, Oman, Nigeria and South Africa as pioneer members with SEC Nigeria as Chairperson. Other member countries that have led the regional committee include Kenya, Egypt and Uganda.
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