A statement by the Commission in Abuja on Sunday said that the objectives of the guidelines were to stimulate a resilient, competitive and sustainable market that would promote economic development.The commission said the guidelines would also improve corporate governance practices to ensure that the participants in the market operated in a transparent and sustainable manner.
The Commission said the guidelines and approach were principle-based and therefore do not prescribe specific implementation requirements.It however noted that the principles be applied by each regulated entity in a manner that would fit their mandates, core values, and enterprise risk management framework.