CHARTERED INSTITUTE OF STOCK BROKERS AMENDMENT ACT, 2016

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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.

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ARRANGEMENT OF SECTIONS

Section:

1.       Amendment of Cap. C9 LFN, 2004.

2.       Amendment of section 16.

3.       Citation.

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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.

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[Commencement.] [20^TH DECEMBER, 2017]   

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

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