Committee Mandate
1. Undertake a holistic review of the Pension Reform Act, Financial
Reporting Council of Nigeria Act & the Warehouse Receipt Bill with
a view to identifying the adequacy, overlaps or gaps therein;
2. Expand on existing provisions by improving content and language
where necessary, or propose new provisions as applicable; and
3. Make recommendations to the Securities and Exchange
Commission.
Methodology

The methodology adopted was to seek input from as many stakeholders as
members of the committee could think of, who would have relevant input to
make into the content of the legislations in question.

The committee resolved that these stakeholder views (inclusive of that of
individuals or organisations represented on the committee) would then be
subjected to deliberation by the committee, with a view to arriving at agreed
recommendations.

The expectation is of a rich and robust set of recommendations tapping on
the combined knowledge and expertise of all the committee members.
Progress Report

In addition to the meetings of the full committee, the sub-committees have
each held separate meetings at various times and their work is by and large
completed.

The secretariat is in the process of compiling the recommendations
considered by the sub-committees into a master report.

The full committee then intends to hold a final meeting to consider the report
of the sub-committees and agree on the recommendations that will be
adopted and forwarded to the Commission.

The committee expects to deliver its final report to SEC before the end of
the second week in December.