The Financial Services Commission (FSC) Mauritius, received the Most Innovative Capital Markets Regulator of the Year Award, on 17 September, at the 2010 Africa investor Index Series Awards, during the Africa Investor Summit held in New York in association with the New York Stock Exchange (NYSE) Euronext.
The Africa investor Index Series Awards are the only international, pan-African awards which profile African capital market success stories while recognising and rewarding Africa's institutional investors, stock exchanges, best-performing listed companies, stockbrokers and capital markets regulators. The Investor Award assessed Africa's capital markets performance between April 2009 and April 2010 in the African continent, highlighting the potential and opportunities offered by the markets.
The award was given on the basis of commitment to increasing transparency and efficiency, support for innovative technologies, employment of best regulatory practice, openness to foreign investors and investor protection, participation in industry associations such as the International Organisation of Securities Commission, and efforts towards creating an enabling environment for the capital markets industry.
The Awards ceremony was attended by over 200 senior executives from across Africa and other parts of the world, namely from best performing stock exchanges, listed companies, investment banks, research teams, regulators, socially responsible companies and fund management entities.
Among the other nominees in the category of Most Innovative Capital Markets Regulator were the Capital Markets Authority of Kenya, the Capital Market Authority of Morocco, the Capital Market Authority of Egypt, the Financial Services Board of South Africa, the Securities and Exchange Commission of Ghana and the Securities and Exchange Commission of Nigeria.
It will be recalled that the Africa Investor Summit brought together international investors, African CEOs, pension funds and capital market professionals to explore investment partnerships in African listed equities. It also served as a platform for the international investors and African capital market leaders to explore investment partnerships at the New York Stock Exchange.
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