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Nigeria - Obtain Securities Exchange License
Request a Procedure
Contents
  1. Procedure
  2. Required Documents
  3. Office Locations & Contacts
  4. Eligibility
  5. Fees
  6. Validity
  7. Documents to Use
  8. Sample Documents
  9. Processing Time
  10. Related Videos
  11. Instructions
  12. Required Information
  13. Need for the Document
  14. Information which might help
  15. Other uses of the Document/Certificate
  16. External Links
  17. Others

Procedure

[edit]

Apply In-Person:

  1. To apply for obtaining Securities Exchange License in person, the applicant has to visit the office of the Securities & Exchange Commission.
  2. The address and contact details of the SEC can be found in the following contact link
  3. Visit the office and obtain an application form for Securities Exchanges Registrationfrom the respective department. Or click here to download application form
  4. Make sure that you have all the documents listed in the “Required Documents” section of this page.
  5. Complete the application form with required details and information under respective sections.
  6. Attach the required documents with the completed application form and submit it to the relevant official at the office.
  7. Pay the required registration and filing fees by following the instructions of the officials.
  8. After submission, your application along with the attached documents will be forwarded for further verifications.
  9. Once all the internal processes are over, the application will be approved and the applicant will be notified through phone or email regarding the approval.
  10. Meanwhile, the applicant can also check with the office regarding the progress of the application.
  11. When the license is ready to be collected, the applicant can collect it by any means from the office.





Required Documents

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  • Completed Sec 5 and Sec 2 forms
  • Sworn Undertaking by the members of the Board
  • Proof for payment of shares
  • Exchange’s proceedings
  • Documents related to Investor Protection Fund and Trade Guarantee Fund
  • Instruction and Inspection manuals of members’ activities
  • Fidelity Insurance Bond
  • Information regarding Market Facilities
  • Plan of the Business
  • Form for the General Undertaking for Members (copy)
  • Existing or proposed by-laws or rules (two copies)
  • Proof/Receipt of necessary fees payments

Refer the link for full requirements list requirements




Office Locations & Contacts

[edit]

Securities and Exchange Commission (SEC) - Head Office
SEC Towers,
Plot 272, Samuel Adesujo Ademulegun Street,
Central Business District ,<br Abuja, FCT Nijeria
Tel: +234 (0) 94621100; +234 (0) 94621168
Email: sec@sec.gov.ng
Website: Link

SEC NIGERIA e-Portal :Link



Eligibility

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Any organisational entity in Nigeria, that intends to act as a Securities Exchange, can apply.



Fees

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  • Application fee: N5,000:00
  • Registration fee: N200,000.00
  • Sponsored individual: N1,000.00




Validity

[edit]

Documents to Use

[edit]

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ProcedureEdit

Apply In-Person:

  1. To apply for obtaining Securities Exchange License in person, the applicant has to visit the office of the Securities & Exchange Commission.
  2. The address and contact details of the SEC can be found in the following contact link
  3. Visit the office and obtain an application form for Securities Exchanges Registrationfrom the respective department. Or click here to download application form
  4. Make sure that you have all the documents listed in the “Required Documents” section of this page.
  5. Complete the application form with required details and information under respective sections.
  6. Attach the required documents with the completed application form and submit it to the relevant official at the office.
  7. Pay the required registration and filing fees by following the instructions of the officials.
  8. After submission, your application along with the attached documents will be forwarded for further verifications.
  9. Once all the internal processes are over, the application will be approved and the applicant will be notified through phone or email regarding the approval.
  10. Meanwhile, the applicant can also check with the office regarding the progress of the application.
  11. When the license is ready to be collected, the applicant can collect it by any means from the office.



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Sample Documents

[edit] 
Please attach sample completed documents that would help other people.




Processing Time

[edit] 
Please explain processing time taken in obtaining the document/certificate.




[edit] 

Videos explaining the procedure or to fill the applications.
Attach videos using the following tag <&video type='website'>video ID|width|height<&/video&>
from external websites.
Please remove the '&' inside the tags during implementation.
Website = allocine, blip, dailymotion, facebook, gametrailers, googlevideo, html5, metacafe, myspace, revver,
sevenload, viddler, vimeo, youku, youtube
width = 560, height = 340, Video ID = Can be obtained from the URL of webpage where the video is displayed.
e.gIn the following url 'http://www.youtube.com/watch?v=Y0US7oR_t3M' Video ID is 'Y0US7oR_t3M'.





Instructions

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Required Information

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Need for the Document

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Any organisational entity in Nigeria, that intends to act as a Securities Exchange and enhance stocks, bonds or other securities transactions between stockbrokers, must obtain a license from the Securities and Exchange Commission of Nigeria.



Information which might help

[edit] 

Enter other informations which might help.




Other uses of the Document/Certificate

[edit] 
Please explain what are other uses of obtaining this document/certificate.
e.g. Birth Certificate can be used as proof of identity.





External Links

[edit] 
Place some external links which might help.




Others

[edit] 
More information which might help people.





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