The Acting Director-General of Nigeria’s Securities and Exchange Commission (SEC), Ms. Mary Uduk has been elected into the board of the International Organisation of Securities Commissions, IOSCO.
She is to represent the Africa/Middle-East Regional Committee (AMERC), comprising member securities regulators within the Middle East and North Africa as well as the sub-Saharan African region.
Announcing the result of the keenly contested election, Secretary-General of IOSCO, Paul Andrews said “the voting period for the AMERC Representative position ended on 20 March 2020. The committee elected the SEC Nigeria as AMERC Representative to the IOSCO Board for the term 2020-2022.”
He congratulated the SEC Nigeria and Ms. Uduk, wishing her “every success in this role.”
Responding to the announcement, Uduk expressed sincere gratitude on behalf of SEC Nigeria to all AMERC members for their support in electing the Commission to represent AMERC on the Board of IOSCO for the 2020 to 2022 term.
She, thereafter restated her “commitment to conscientiously represent the Region at the IOSCO Board and work closely with Ms. Nehza Hayat, the incoming AMERC Chair and all other AMERC members on the Board to advance the course of the region.
“Once again, I thank you immensely for your support and kindly accept my highest regards, while I urge everyone to keep safe at this period”.
IOSCO is an association of organizations that regulate the world’s securities and futures markets, with members being typically primary securities and/or futures regulators in a national jurisdiction or the main financial regulator from each country.