SEC Nigeria Sponsored Individual study guide
SEC Nigeria Sponsored Individual · Work through your exam, one topic at a time.
The SEC Nigeria Sponsored Individual registration is the individual-level credential through which a person is sponsored by a registered capital market operator to carry out regulated functions in Nigeria's securities market. It is aimed at staff of dealing members, broker-dealers, issuing houses, registrars, fund managers and other intermediaries who deal with clients, orders or investor assets, and at candidates seeking to move into those roles. The SEC Nigeria Sponsored Individual study guide has 8 sections and about 2,493 words.
01Nigerian Capital Market Regulatory Framework and SEC Rules
This domain tests whether you can place a fact pattern on the correct rung of the regulatory ladder and name the instrument that governs it. The Investments and Securities Act 2025 (ISA 2025) replaced ISA 2007 and is the primary statute.
350 words, about 2 min02Securities and Investment Products
This domain tests whether you can classify an instrument, identify the regime that governs it, and match it to a client. ISA 2025 uses a broad, purposive definition: shares, debentures, bonds, notes, derivatives, units in collective investment schemes and any investment contract.
321 words, about 2 min03Market Participants, Intermediaries and Sponsored Individual Responsibilities
This domain tests the registration map and the duties that attach to the individual, not only the firm. SEC registers broker-dealers, issuing houses, underwriters, registrars, investment advisers, portfolio managers, fund managers, trustees, custodians, clearing and settlement entities, exchanges and the central depository.
317 words, about 2 min04Ethics, Integrity, Conduct and Anti-Money Laundering
This domain tests conduct standards and the practical AML/CFT duties that come with handling client money. Integrity, fairness, confidentiality, competence and client priority.
295 words, about 1 min05Client Onboarding, Know Your Customer and Suitability
This domain tests the account-opening chain and the reasoning behind a recommendation. Identity: full name, photograph, signature, date of birth, NIN and BVN plus a valid government ID - verified, not merely photocopied.
294 words, about 1 min06Trading, Settlement and Market Operations
This domain tests the order lifecycle from client instruction to cleared funds. Verify mandate and available position or cash; capture the order accurately; execute on the client's terms or better; allocate fairly where orders are aggregated; issue a contract note; retain recordings and records.
311 words, about 2 min07Investor Protection, Complaints and Dispute Resolution
This domain tests the safeguards around client money and the escalation route when something goes wrong. Registration, fit-and-proper screening and continuing supervision of operators and sponsored individuals.
292 words, about 1 min08Corporate Governance, Financial Reporting and Disclosure
This domain tests how public companies and operators are governed and what they must tell the market. The SEC Code of Corporate Governance for Public Companies sets principles on board composition, independence, separation of chair and CEO, audit committees, risk management, whistleblowing and related-party transactions.
313 words, about 2 min