Sub-Committees (“SubCos”)

Sub-Committees (“SubCos”)
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The terms of reference of each of the six (6) Sub-Committees are as enumerated below:

  • Regulation Consolidation Sub-Committee

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 Sub-Committee

    The SubCo has the following objectives:

    ▪ Strategise and develop methodologies for effective housing delivery, in conjunction with the Nigerian Mortgage

    Refinance Company, Ministry of Power, 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 Sub-Committee

      • 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 Sub-Committee

      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 Sub- Committee

      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

      • The Sustainable Finance Sub-Committee

      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)