There are strong indications that many dealers in the Nigerian capital market have indicated interest in the joint training between the Chartered Institute of Stockbrokers (CIS) and Chartered Institute of Securities and Investment (CISI) in the United Kingdom , a step towards access to operating in several jurisdictions. This is coming after the CIS had earlier signed a Memorandum of Understanding (MOU) with CISI of the UK as part of the transformation of the Institutes’s operations to global standard.
In line with this vision, a two-pronged joint training has been slated for Friday, August 10 to Friday, August 18 at the Nigerian Stock Exchange, NSE, where participants would be exposed to: ‘Understanding Modern Commodity Derivative and International Introduction to Securities and Investment Market’. As part of the strategies to globalise the operations of the stockbrokers and other practitioners in the financial market, International Introduction to Securities and Investment Market (IISI) is designed to prepare the participants to take examination for the CICI’s qualification, a major requirement for practising in all countries where CISI UK is recognised.
Also, ISSI offers candidates a broader economic environment in which the financial services industry operates and examines how an economic activity is determined and managed in different economic and political systems. Commenting on the initiative, the CIS’ President, Mr Oluwaseyi Abe, explained that it was consistent with the Institutes’s policy on capacity building in line with the globalisation of the Nigeria’s capital market whereby market regulators and operators should operate at global best practice.