Sub-Committees (“SubCos”)

DCMD Project > Sub-Committees (“SubCos”)

Sub-Committees (“SubCos”)

Regulation Consolidation

The Regulation Consolidation Sub-Committee’s terms of reference include:

▪ To review the initiatives and resolutions agreed at the October 2015 DCM Workshop

▪To strategise and develop methodologies on how to effectively implement the agreed reforms

▪To liaise with regulatory and market stakeholders to harmonise the regulatory framework, amend restrictive and conflicting policies

▪To sponsor new policy guidelines to stimulate the rapid growth and development of the DCM

▪To conceptualise and articulate ideas through rigorous research of acceptable standards in model markets that can be adaptable to the Nigerian DCM

▪To undertake any other assignment related to the DCMD Project as assigned by the Transformation and Steering Committees

Housing Finance

The SubCo has the following objectives:

▪Strategise and develop methodologies for effective housing delivery, in conjunction with the Nigerian Mortgage Refinance Company, Federal Ministry of Works & Housing, and other relevant stakeholders

▪ Develop strategies to promote the delivery of affordable homes through the debt capital markets within the DCMD Project Implementation Timeline

▪ Conceptualise and articulate ideas through rigorous research of modalities adopted in developed countries/ model markets that can be adaptable to the Nigerian DCM

▪ Undertake any other assignment related to the DCMD Project as assigned by the Transformation and Steering Committees

Infrastructure Finance

The SubCo has the following objectives:

▪ To develop strategies that will promote the development of Transport, Power, Rail, as well as other critical infrastructure, within the DCMD Project Implementation Timeline

▪ To facilitate the creation and uptake of DCM products as a means of financing infrastructure

▪ To conceptualise and articulate ideas through rigorous research of modalities adopted in developed countries/ model markets that can be adaptable to the Nigerian DCM for infrastructure finance

▪ Support the legislature to develop laws that will promote investments in Infrastructure

Market Liquidity & Enhancement

The following are the strategic objectives of the SubCo:

▪ Review the initiatives and resolutions agreed at the October 2015 DCM Workshop

▪ Strategise and develop methodologies on how to effectively implement the agreed reforms

▪ Drive the implementation of initiatives required to facilitate the development of repo facility

▪ Facilitate the creation of liquidity and improved secondary market participation by treasurers/ dealers.

▪ Conceptualise and articulate ideas through rigorous research of modalities adopted by highly-liquid model markets that can be adaptable to the Nigerian DCM

▪ Undertake any other assignment related to the DCMD Project as assigned by the Transformation and Steering Committees

Investors, Issuers & Intermediaries Engagement/Education

The terms of reference of the Investors, Issuers & Intermediaries Engagement/Education Sub-Committee are as follows:

▪ Review the initiatives and resolutions agreed at the October 2015 DCM Workshop

▪ Strategise and develop methodologies on how to effectively implement the agreed reforms

▪ Facilitate investor readiness and champion corporate governance

▪ Enhance DCM research and improve collaborations across the DCM ecosystem

▪ Undertake any other assignment related to the DCMD Project as assigned by the Steering and Transformation Committees

Sustainable Finance

The Sustainable Finance Sub-Committee (SubCo) terms of reference includes:

▪ Develop principles for ensuring that the long-term financing market also takes into consideration environmental and social issues such as climate change, gender, inequality, youth, employment

▪ Develop regulatory framework to support sustainable funds, green bonds, impact investing, microfinance, active ownership, financial inclusion, and the development of the capital market in a more sustainable way

▪ Develop a sustainable finance roadmap for the Nigerian capital market

▪ Work with UNEP and others to develop modalities for certification and qualification of projects, instruments and funds as sustainable finance initiatives in line with global best practices

▪ Canvass for the buy-side (pension funds administrators, insurance companies and banks) to introduce investment allocations for sustainable finance projects

▪ Promote capacity building around sustainable finance in Nigeria and make recommendations for Nigeria to align Nigeria’s sustainable financing agenda with the global Sustainable Development Goals (SGDs)

DCMD is inspired to promote and highlight ongoing capital market reform initiatives to various stakeholders including international and local capital markets operators

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