Bill Sponsor: Sen. Bamidele, Michael Opeyemi (Ekiti Central-Senate Leader) Bill Progress: Concurrence
In a significant move towards enhancing the regulatory framework for professionals in Nigeria’s securities and investment sector, the Senate has reached the concurrence stage for the Chartered Institute of Securities and Investments of Nigeria Bill, 2025 (HB. 416).
The primary objective of this bill is to establish a professional body dedicated to overseeing the practice of securities and investments in Nigeria. By creating the Chartered Institute of Securities and Investments, it aims to achieve several key goals that are critical for the industry’s growth and integrity.
First and foremost, the institute is tasked with regulating the profession of securities and investment practitioners. This regulatory function will involve setting industry standards and guidelines, ensuring that all professionals adhere to best practices in their conduct and operations. By establishing clear benchmarks, the institute aims to enhance the credibility and reliability of the sector.
In addition to regulatory duties, the bill outlines the institute’s focus on training and certification. The establishment of training programs will enable practitioners to acquire the necessary skills and knowledge to excel in the rapidly evolving financial landscape. Certification through the institute will not only elevate the professional standards in the industry but also instill greater trust among stakeholders and clients.
Promoting ethical conduct among its members is another cornerstone of the bill. The institute will be responsible for fostering high standards of ethical behavior and professional excellence, which are vital for building public confidence in the securities and investment sector. By prioritizing ethics, the Chartered Institute aims to mitigate malpractice and enhance overall professionalism within the industry.
The establishment of the Chartered Institute signifies a progressive step toward promoting a disciplined and ethical approach to securities and investment in Nigeria. As the industry continues to grow and evolve, the institute will play a crucial role in underpinning the sector’s integrity and fostering a new generation of qualified professionals committed to excellence.
