CHARTERED INSTITUTE OF STOCKBROKERS (AMENDMENT) ACT, 2016

DOWNLOAD OF A COPY OF THIS LAW IS AVAILABLE [N1,500 (PDF)] CLICK HERE FOR ONLINE PAYMENT. PDF COMPENDIUMS OF ALL THE LAWS OF NIGERIA, LAGOS AND OTHER STATES ARE ALSO AVAILABLE. EMAIL: lawnigeria@gmail.com or info@lawnigeria or Text/WhatsApp +23407067102097

DOWNLOAD (PDF-N1500)

LAWS OF THE FEDERATION OF NIGERIA  

CHARTERED INSTITUTE OF STOCKBROKERS (AMENDMENT) ACT, 2016

EXPLANATORY MEMORANDUM

This Act amends the Chartered Institute of Stockbrokers Act. Cap. C9 Laws of the Federation of Nigeria, 2004 to increase the penalties prescribed thereto.

CHARTERED INSTITUTE OF STOCKBROKERS (AMENDMENT) ACT, 2016

ARRANGEMENT OF SECTIONS

Section:

1. Amendment of Cap. C9 LFN, 2004.
2. Amendment of section 16.
3. Citation.

CHARTERED INSTITUTE OF STOCKBROKERS (AMENDMENT) ACT, 2016

An Act amends the Chartered Institute of Stockbrokers Act Cap. C9, Laws of the Federation of Nigeria, 2004 to increase the penalties prescribed; and for related matters.

[20^TH DECEMBER, 2017]                    Commencement.

ENACTED by the National Assembly of the Federal Republic of Nigeria—

Amendment of Cap. C9 LFN, 2004.

1. The Chartered Institute of Stockbrokers Act Cap. C9 Laws of the Federation of Nigeria, 2004 (in this Act referred to as “the Principal Act”) is amended as set out in this Act.

Amendment of section 16

2. Section 16 of the Principal Act is amended—

(a)     in subsection (5) (a), by substituting for the expression, “N1,000” in line , the expression “N500,000”; and

(b)     in subsection (6), by substituting for the word, “person”, in line 4, the word, “official”.

Citation.

3. This Act may be cited as the Chartered Institute of Stockbrokers (Amendment) Act, 2016.