Grades of Membership

Grades of Membership


There are five categories of CIS membership. These are Student, Graduate, Associate, Honorary Fellow and Fellow.

 

Student


Our programmes have indeed opened the doors of opportunity to millions of aspiring and promising Nigerians looking for global opportunities and right career progression in Securities & Investments profession.

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Graduates


Graduates are individual students who have successfully completed our professional examinations but are yet to be admitted as Associates of the Institute. The Institute's professional qualification is recognised both within and outside Nigeria as a professional business qualification. While Graduates may participate in some activities of the Institute, they cannot not hold office or vote in the Council election. Graduates are not eligible to trade on the floor of the Nigerian Stock Exchange or use any designatory letter.

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Full Membership


Associates (ACS)

This is the first level of the Institute's full membership and members are authorised to use the designatory letter of "ACS" which stands for Associate of the Chartered Institute of Stockbrokers.

Procedure for Associate membership upgrade

Click here to log into online Membership Application form or download the Associate Membership Application Form here. Alternatively, applicant may collect the application form from our office and complete every part of it with the usage of "Not applicable" where necessary.

All supporting documents to be submitted must be sighted by a referee and it is important to note that approval of such applications by the Council of the Institute is subject to satisfying all the necessary requirements. Induction of new Associates takes place during the Annual Stockbrokers' Conference in October of every year.

Requirements


Applicants must be in good financial standing with the Institute and have at least three years relevant experience in the financial services industry, one of which must be after completing the examinations.

Completed Application Form (recommended by two member-referees in good financial standing).

Two attestation letters from the current and any of your previous employers.

Detailed Curriculum Vitae (CV) and three passport photographs with white background.

Evidence of completing the Institute's professional examinations - CIS Final Statement of Result or Dealership/Clerkship Certificate.

Evidence of payment of N30,000 for the application form, plague and seal, in addition to the payment of any outstanding balance.

 

Fellows (FCS)


Fellowship is the highest and most prestigious level of membership and members are authorised to use the designatory letter of "FCS" which stands for Fellow of the Chartered Institute of Stockbrokers.

Procedure for fellowship


Click here to log into online Fellowship Application form or download the Fellowship Application Form here. Alternatively, applicant may collect the application form from our office and complete every part of it with the usage of "Not applicable" where necessary.

Associates of at least five years standing may be elected as Fellows and approval of such applications is subject to satisfying all the necessary requirements for Fellowship as determined from time to time by the Governing Council of the Institute. Investiture of fellows usually takes place early in the year during the Annual Awards & Dinner night

Requirements


Applicants are expected to be in good financial standing for a continuous period of 5 years as at the time of application or choose to pay a default penalty fee of N50,000.

Must be Associates for 5 years and should have spent 10 years as graduate of the Institute.

Completed Application Form (recommended by two member-referees in good financial standing who must be fellows of the Institute and one of which must be a Council member).

Detailed Curriculum Vitae (CV) and three passport photographs with white background.

Copies of Associate and Dealership/Clerkship Certificates.

Evidence of payment of N250,000 which comprise application form, annual subscription for fellow, plague and seal, in addition to the payment of any outstanding balance.

Honorary Fellows. (FCS(Hon.))


Individuals who, in the opinion of the Council of the Institute, have distinguished themselves and made immense contributions to the profession and the securities and investment industry may be awarded Honorary Fellowship status.

Life Members


Members of the Institute (Associates or fellows) who have attained the prime age of 60 years and above, and have been full members for 20 years in good financial standing with the Institute are eligible to apply for life membership by paying a lump sum of N50,000 while fellows who have been on the register of members for a continuous period of 10 years may elect to pay at once, an amount equivalent to 10 times the current annual subscription for life membership.

Membership Application Form

Benefits of Life Membership


Non-payment of Annual subscription.

Being able to practise (if desired) as Stockbroker on the floor of the Nigerian Stock Exchange.

Exclusive invitations to attend the entire Institute's organised events.

Insurance benefit opportunity.

ABOUT THE INSTITUTE

The Chartered Institute of Stockbrokers (CIS) is an Institute chartered by Act of parliament of the Federal Republic of Nigeria in 1992 with the responsibility of providing professional qualification for Stockbrokers and other Securities and Investment professionals.
The CIS regulates the activities of over 15,000 members (students, associates, fellows and graduates, Stock Marketing Agent, diploma, e.t.c.). The Institute also processes and manages registration of its members, examination, financial and legal information in order to achieve its objectives.

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