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UK’s CISI, CIS, NCMI sign MoU on capital market training

The Chartered Institute for Securities and Investment (CISI) of the United Kingdom has entered into agreements with Chartered Institute of Stockbrokers (CIS) and the Nigerian Capital Market Institute (NCMI) to strengthen professional training and qualification of Nigerian capital market operators.A computer-based renewable integrity test is one of the components of the Memorandum of Understanding (MoU) between CISI and CIS.Speaking after the signing of the MoU, First Vice President, Chartered Institute of Stockbrokers (CIS), Mr Tunde Amolegbe noted that the CIS may also adopt the current practice of writing integrity test by stockbrokers that aspire to join CISI.According to him, the Council of CIS is considering introduction of integrity test and making such mandatory and renewable for its members.He pointed out that integrity matters would always remain fundamental to the success of any profession.By the renewed MOU, stockbrokers are eligible to become members of CISI, subject to compliance with some requirements, including participation in the global body’s Continuing Professional Development (CPD) and membership. This is in addition to CIS’s membership and CPD requirements.CIS’s members will also be offered access to seven professional qualifications of CISI, all of which will be examined by Computer Based Testing (CBT) in Lagos. They are Securities (Capital Markets Programme), Derivatives (Capital Markets Programme), Certificate in Corporate Finance, Risk in Financial Se ...Read more

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