- CIS Council Approves New Qualifications for Stockbrokers
The Governing Council of the Chartered Institute of Stockbrokers has approved the newly introduced Specialised Professional Certifications called the Stand-Alone-Programme.
Under the new professional qualification, which would be unfolded to potential beneficiaries on February 17 in Lagos, the holder shall be granted a licence to practise in specific areas of the capital market as a core duty, the CIS said in a statement.
The SPC, which is in line with global trends, shall cover the following core areas: commodity trading and derivatives, equities dealing, share registration and custodianship services, investment management and financial advisory.
By the new certifications which commence in March this year, the examination shall run concurrently with the institute’s current professional examinations which hold in March and September annually.
According to the institute’s registrar and chief executive, Mr. Adedeji Ajadi, the requirements for the SPC are the same as the professional examinations. Ajadi explained that a holder of the specialised certificates shall be addressed as stockbroker who is a specialist in one particular area of the securities and investment Industry.
“They are licenced to practise only in that specific area. Although an individual can acquire as many different SPC licences as possible.
Four specialised certificates will qualify the holder to become an Associate Member of the institute,” Ajadi said.
