Chartered institute of stockbrokers new syllabus

The Chartered Institute of Stockbrokers (CIS) is a professional body that regulates and develops the stockbroking profession in Nigeria. The institute has introduced a new syllabus for its professional qualifications, which aims to equip stockbrokers with the necessary skills and knowledge to excel in the industry.

Here are the key changes in the new syllabus:

New Qualifications

The CIS has introduced two new professional qualifications:

  1. Associate Chartered Stockbroker (ACS): This qualification is designed for entry-level stockbrokers who have completed a degree in a relevant field or have relevant work experience.
  2. Fellow Chartered Stockbroker (FCS): This qualification is designed for experienced stockbrokers who have at least 5 years of experience in the industry.

Curriculum

The new syllabus covers a range of topics, including:

  1. Financial Markets and Instruments: This module covers the basics of financial markets, instruments, and regulations.
  2. Investment Analysis and Portfolio Management: This module covers the principles of investment analysis, portfolio management, and risk management.
  3. Securities Trading and Market Operations: This module covers the principles of securities trading, market operations, and settlement procedures.
  4. Financial Planning and Wealth Management: This module covers the principles of financial planning, wealth management, and estate planning.
  5. Regulatory Framework and Compliance: This module covers the regulatory framework and compliance requirements for stockbrokers in Nigeria.
  6. Professional Ethics and Conduct: This module covers the professional ethics and conduct expected of stockbrokers in Nigeria.

Assessment

The new syllabus will be assessed through a combination of written exams and practical assignments. The exams will be conducted in two parts:

  1. Part 1: This part will consist of multiple-choice questions and will be used to assess the candidate's knowledge of the subject matter.
  2. Part 2: This part will consist of case studies and practical assignments and will be used to assess the candidate's ability to apply the knowledge and skills learned.

Duration

The duration of the new syllabus is 12 months for the ACS qualification and 18 months for the FCS qualification.

Eligibility

To be eligible for the new syllabus, candidates must meet the following requirements:

  1. ACS: Candidates must have a degree in a relevant field or have relevant work experience.
  2. FCS: Candidates must have at least 5 years of experience in the stockbroking industry and hold the ACS qualification.

Benefits

The new syllabus is designed to equip stockbrokers with the necessary skills and knowledge to excel in the industry. The benefits of the new syllabus include:

  1. Improved Professional Standards: The new syllabus will help to improve professional standards in the stockbroking industry.
  2. Enhanced Competitiveness: The new syllabus will help to enhance the competitiveness of Nigerian stockbrokers in the global market.
  3. Increased Investor Confidence: The new syllabus will help to increase investor confidence in the Nigerian stock market.

Overall, the new syllabus is designed to equip stockbrokers with the necessary skills and knowledge to excel in the industry and to improve professional standards in the stockbroking profession.