The Senate Committee on Capital Market cordially invites concerned stakeholders and the general public to a one-day Public Hearing focused on “Uncleared Dividend Funds” and an Investment Clinic.
The objective of this gathering is to gather insights from relevant stakeholders to facilitate effective legislative action on pertinent challenges.
During the hearing, the Committee plans to assess the forthcoming Investors’ Clinic organized by the Securities and Exchange Commission (SEC). Consequently, the Commission is urged to have their presence within the precincts of the National Assembly to cater to investors while the committee conducts its examination.
This one-day public hearing is scheduled for Monday, 29th July, 2024, at the Senate Conference Hall 231, located on the second floor of the New Building at the National Assembly, commencing at 11 am punctually.
It is noteworthy that as part of its regulatory and developmental mandate in the capital market, the SEC initiated the capital market investor’s clinic as a series of events aimed at enlightening investors and stakeholders on specific subjects. Beyond merely educating stakeholders, these clinics are tailored to raise awareness among the investing public regarding the advantages of engaging in the capital market.
Investors’ clinics play a pivotal role in addressing a spectrum of issues, encompassing those pertaining to unclaimed dividends and dematerialization.
Regulatory bodies such as exchanges are anticipated to set up booths at these clinics to address investor queries concerning paper certificates, e-dividends, dematerialization, direct cash settlement, and more. Investor clinics function as platforms for tackling market-related concerns and serve as temporary capital market hubs to resolve investors’ issues within a stipulated timeframe.
The Securities and Exchange Commission (SEC) and various stakeholders in the capital market collaborate to orchestrate investor clinics with the aim of educating investors on the merits of e-dividend registration, dematerialization of share certificates, the direct cash settlement system, and other financial instruments.
