SEC Nigeria Sponsored Individual study plan

Map the Nigerian capital market regulatory architecture from memory: SEC as apex regulator, CBN, NAICOM, PenCom, NGX and its subsidiary exchanges, and the self-regulatory organisations that sit alongside them

Trace the Investment and Securities Act 2025 and its relationship to the repealed ISA 2007, noting which functions and powers carried over and which were restructured

List the SEC rulebooks and instruments that govern sponsored individuals (registration of capital market operators, code of conduct, consolidated rules) and state in one sentence what each covers

Draft a one-page hierarchy diagram showing statute, subsidiary legislation, SEC rules, SRO rules and market practice, and explain where a sponsored individual's duties sit within it

Distinguish the categories of capital market operator registration and identify which categories require a sponsored individual and what that sponsorship entails

Explain the registration, renewal and continuing obligations of a sponsored individual, including fit-and-proper criteria, notification duties and grounds for suspension or withdrawal of approval

Describe the SEC's inspection, investigation and enforcement toolkit and the procedural steps from enquiry to sanction

Compare the sponsored individual's accountability to the sponsoring firm against accountability to the regulator and identify where conflicts arise

Classify the main securities and investment products available in Nigeria: ordinary shares, preference shares, bonds (federal, sub-national, corporate), commercial paper, collective investment schemes, derivatives, and digital/virtual asset instruments

Explain the risk, return and liquidity characteristics of each product class and match each to a typical investor profile

Outline the issuance routes for securities in Nigeria, distinguishing public offer, rights issue, private placement and book building, and state the disclosure document each requires

Describe the structure and regulation of collective investment schemes, including the roles of fund manager, custodian and trustee

Apply the SEC code of conduct and professional ethics principles to at least five realistic conflict-of-interest scenarios and justify the correct course of action

Explain the three stages of money laundering and identify the placement, layering and integration red flags most relevant to securities accounts and trading activity

State the Nigerian anti-money laundering obligations that bind capital market operators: customer due diligence, record keeping, suspicious transaction reporting, and the role of the NFIU and the SCUML registration regime

Distinguish insider dealing, market manipulation and false trading, and identify the conduct that triggers each under Nigerian securities law

Describe whistleblowing, confidentiality and personal account dealing rules and how each interacts with a sponsored individual's duties

Design a client onboarding checklist covering identification, verification, beneficial ownership, source of funds and risk classification

Apply the three-tier KYC framework (identification, verification, ongoing monitoring) to individual, corporate and trust clients and note where enhanced due diligence is mandatory

Conduct a documented suitability assessment matching a client's objectives, horizon, risk tolerance and capacity for loss to a recommended product

Explain the treatment of politically exposed persons, high-risk jurisdictions and simplified versus enhanced due diligence

Identify the record retention periods and the consequences of onboarding failures for the firm and the sponsored individual

Trace the trade lifecycle on the Nigerian Exchange from order capture through matching, clearing and settlement, naming the parties and systems involved at each stage

Explain the settlement cycle, the role of the central securities depository and the central counterparty, and what happens when a trade fails

Describe the order types, trading halts, price limits and market surveillance mechanisms that constrain execution

Outline the post-trade reporting and reconciliation obligations that fall on trading members and their sponsored individuals

Explain the investor protection framework: the SEC's complaint management process, the role of the National Investor Protection Fund, and the escalation route from firm to regulator to court

Draft a complaint response that meets fair treatment standards, including acknowledgement, investigation, timeline and outcome communication

Summarise the Nigerian corporate governance codes and disclosure obligations that affect listed companies, including board composition, audit committee requirements and periodic reporting

Identify the disclosure triggers for price-sensitive information and the consequences of selective disclosure

Consolidate the highest-weight domains by re-deriving the regulatory map, registration obligations and ethics rules from memory and correcting gaps

Complete timed practice across all eight domains and record accuracy by domain

Re-study only the two weakest domains identified by practice results, targeting specific rule provisions rather than broad reading

Rehearse the sponsored individual's personal accountability narrative: what you must report, to whom, and within what timeframe