First known as the Nigerian
Institute of Stockbrokers, the Chartered Institute of Stockbrokers
has been in existence since 1990. It was initially incorporated
as a private company limited by guarantee and was later chartered
in 1992 by the Act 105 of the Federal Republic of Nigeria.
It is the only professional
body in Nigeria empowered to conduct qualifying examinations
into stockbroking profession and regulate the activities of
the members and for matters connected therewith.
Under the enabling legislation,
its mandate includes the following responsibilities:
• Determining what
standards of knowledge and skill are to be attained by persons
seeking to become chartered members of the profession and raising
those standards from time to time as circumstances may permit;
• Securing in accordance
with the provisions of this charter the establishment and maintenance
of a register of honorary fellows, associate members, fellows,
members, ordinary members and students of the profession and
the publication from time of the lists of those persons; and
• Performing through the Council
the functions conferred on it by the enabling legislation.
The Institute's qualification is widely recognised
both in and outside Nigeria as a professional business qualification.
Members of the Institute use the designatory letters ACS and
FCS for Associates and Fellows respectively .
The Institute provides a wide range of professional
activities including education and training of students, continuing
professional development for members, maintenance of professional
and ethical standards and advice and services to members.
The strategy and policies of the Institute
are determined by a Governing
Council and Committees of
members and volunteers. The Institute is managed on a day-to-day
basis by the Registrar and Chief Executive who is assisted
by other management staff. Presently, business activities are conducted
through our main office in Lagos and our co-ordinators in four
locations namely: Abuja, Ibadan, Kano and Port-Harcourt. |
