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2025-05-01T09:55:55Z

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==Procedure==
'''Apply In-Person:''' 
#To apply for obtaining Securities Exchange License in person, the applicant has to visit the office of the Securities & Exchange Commission.
#The address and contact details of the SEC can be found in the following [http://www.sec.gov.ng/Market_Relations/office-locations/ contact link]
#Visit the office and obtain an application form for Securities Exchanges Registrationfrom the respective department. Or click here to download [https://sec.gov.ng/files/SEC%20Application%20Forms/SEC%205_Registration%20of%20Securities%20Exchanges_RevOct2013.pdf application form]
#Make sure that you have all the documents listed in the “Required Documents” section of this page.
#Complete the application form with required details and information under respective sections.
#Attach the required documents with the completed application form and submit it to the relevant official at the office.
#Pay the required registration and filing fees by following the instructions of the officials.
#After submission, your application along with the attached documents will be forwarded for further verifications.
#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.
#Meanwhile, the applicant can also check with the office regarding the progress of the application.
#When the license is ready to be collected, the applicant can collect it by any means from the office.
 

==Required Documents==
*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 [https://sec.gov.ng/registration-requirements-of-securities-exchange/ requirements]
 
 

==Office Locations & Contacts==
'''Securities and Exchange Commission (SEC) - Head Office''' 
SEC Towers, 
Plot 272, Samuel Adesujo Ademulegun Street, 
Central Business District , 
Tel: +234 (0) 94621100; +234 (0) 94621168 
Email: sec@sec.gov.ng 
Website: [https://sec.gov.ng/ Link] 
 
SEC NIGERIA e-Portal :[https://eportal.sec.gov.ng/login Link] 
 
==Eligibility==
Any organisational entity in Nigeria, that intends to act as a Securities Exchange, can apply. 

 
==Fees==
*Application fee: N5,000:00
*Registration fee: N200,000.00
*Sponsored individual: N1,000.00
 
 
==Validity==
Explain the time until which the certificate/document is valid.
e.g. Birth Certificate Valid Forever
 
 
==Documents to Use== [https://sec.gov.ng/files/SEC%20Application%20Forms/SEC%205_Registration%20of%20Securities%20Exchanges_RevOct2013.pdf Application form] 

 
==Sample Documents==
Please attach sample completed documents that would help other people.
 
 
==Processing Time==
Please explain processing time taken in obtaining the document/certificate.
 
 
==Related Videos==
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==
*Please note that you are to sponsor at least four officers; one of which should be a Compliance Officer who shall be responsible for monitoring compliance with the Investments & Securities Act (ISA) 2007, Rules and Regulations, notifications, guidelines, instructions etc issued by the Commission or the Federal Government as par Rule 168 B of the Commission`s Rules and Regulations.
*Please forward sworn undertaking by members serving on the Board of Directors of the Company and who are also Directors/having interest in Companies whose securities are being traded/could be traded on the Exchange (notarized).
*Investments & Securities Act (ISA) 2007: [https://sec.gov.ng/wp-content/uploads/2016/02/THE-INVESTMENTS-AND-SECURITIES-ACT-2007_NIGERIA.pdf regulations]
*Please refer the following link for more details [https://sec.gov.ng/registration-requirements-of-securities-exchange/ requirements]
 
 
==Required Information==
*Name and Residential Address
*Office Address and Official position in the sponsoring company
*Details of the employment
*Email address
*Date and Place of Birth
*Nationality and State of Origin
*Global System for Mobilecommunications telephone number
*Gender and marital status
*Passport/Drivers License No
*Date and place of issue
*Date of Expiry
*Parents’ names
*Name and Employment of spouse
*Employment History
*Educational and professional information
 
 
==Need for the Document==
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==
Enter other informations which might help.
 
 
==Other uses of the Document/Certificate==
Please explain what are other uses of obtaining this document/certificate.
e.g. Birth Certificate can be used as proof of identity.
 
 
==External Links==
Place some external links which might help.
 
 
==Others==
More information which might help people.
 
[[Category:Nigeria]]

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