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2025-05-01T09:56:06Z

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==Procedure==
'''Apply In-Person:''' 
#To apply for obtaining Stockbroker 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 Stockbroker License from the respective department. Or click here to download [https://sec.gov.ng/files/SEC%20Application%20Forms/SEC%203_REGISTRATION%20OF%20CORPORATE%20ENTITIES_revOct20131.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==
*Duly Executed Form SEC 3 for Stockbroker registration
*Forms SEC 2 and 2D for Sponsored Individuals/Compliance Officer
*Form SEC 2 and 2D – Directors of the Company
*Two Passport size photographs
*Proof of Minimum Paid up Capital
*Current Fidelity Insurance Bond
*Detailed curriculum vitae of sponsored individuals and Directors
*Police clearance report for each Sponsored Individual
*Secondary school discharge certificate copy of sponsored individuals
*National Youth Services Corps discharge certificate copy of sponsored individuals
*Copy of means of Identification of the Directors and the Sponsored Individuals
*Profile of the Company
*Evidence of Payment of shares
*Copy of the Dealership Certificate
*Business plan
*Bank statement of accounts
Refer the following link for more requirements and criteria: [http://sec.gov.ng/broker-dealer_registration-requirements/ 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, that wishes to involve in the Stockbroker operations in Nigeria, can apply.
*The applying entity must have at least three sponsored Individuals, one of whom shall be a compliance officer.
*Managing Director of the Company should be among the sponsored individuals.
Refer the following link for more requirements and criteria [http://sec.gov.ng/broker-dealer_registration-requirements/ requirements]
 
 

==Fees==
Filing/Application Fee – N50,000 
Processing Fee – N200,000 
Registration Fee – N500,000 
Sponsored Individual Fee – N50,000 
For reference [http://sec.gov.ng/broker-dealer_registration-requirements/ requirements] 
 
 
==Validity==
The registration is usually valid for one year. 

 
==Documents to Use==
FORM SEC 3: [https://sec.gov.ng/files/SEC%20Application%20Forms/SEC%203_REGISTRATION%20OF%20CORPORATE%20ENTITIES_revOct20131.pdf application form] 
FORM SEC 2: [https://sec.gov.ng/files/SEC%20Application%20Forms/SEC%202_Registration%20of%20sponsored%20individuals_RevOct2013.pdf application form] 
FORM SEC 2D: [http://sec.gov.ng/wp-content/uploads/2017/07/Form-SEC-2D.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==
*The Commission may require such other documents as it considers necessary for registration.
*An application for registration will only be considered as having been filed when all document (s)/information have been completed.
*Every applicant Company/Firm will be inspected in the course of processing an application for registration.
*A fair knowledge of the Rules and Regulations of the Commission and Investments & Securities Act No 29 of 2007 and the Capital Market is an essential prerequisite for registration [https://sec.gov.ng/wp-content/uploads/2016/02/THE-INVESTMENTS-AND-SECURITIES-ACT-2007_NIGERIA.pdf regulations]
 
 
==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 andEmployment of spouse
*Employment History
*Educational and professional information
 
 
==Need for the Document==
Any individual or business entity in Nigeria, which intends to practice as Stockbroker and involve in Security Market transactions, must get registered with the Securities and Exchange Commission. 

 
==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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Wesley: Auto