Chartered institute stockbrokers act

Chartered institute stockbrokers act

Posted: Groove Date: 08.07.2017

Establishment of the Chartered Institute of Stockbrokers.

Ted Laan at the Commons Institute

Election of President and Vice-Presidents of the Institute. Governing Council of the Institute and membership, etc. Fund of the Council. Appointment of Registrar, etc. Publication of register and list of corrections. Registration of chartered members of the profession. Approval of qualifications, etc.

Supervision of instructions, etc. Establishment of Disciplinary Tribunal and Investigating Panel.

chartered institute stockbrokers act

Penalties for unprofessional conduct. Application of Act to un-enrolled persons.

Rules as to articles, etc. Transfer to the Institute of certain assets and liabilities.

Chartered Institute of Stockbrokers Amendment Act pagesepsitename%%

Supplementary provisions relating to the Council. Supplementary provisions relating to the Disciplinary Tribunal and the Investigative Panel of the Tribunal. Transitional provisions as to assets and liabilities. An Act to establish the Chartered Institute of Stockbrokers to regulate the activities of members of the profession and for matters connected therewith. Provided that the Council may, for any reason which seems to it sufficient, direct the Registrar to restore to the appropriate part of the register any particulars removed therefrom under this subsection.

Rules made for the purposes of this Act shall be subject to confirmation by the Institute at its next annual meeting or at any special meeting of the Institute convened for the purpose, and if then annulled shall cease to have effect on the day after the date of annulment, but without prejudice to anything done in pursuance or intended pursuance of any such rules.

This Act may be cited as the Chartered Institute of Stockbrokers Act. Supplementary Provisions Relating to the Council, Qualifications and Tenure of Office of Members. The Council shall have power to do anything which in its opinion is calculated to facilitate the carrying on of the activities of the Institute. The quorum of the Council shall be seven and the quorum of a committee of the Council shall be determined by the Council. Meeting of the Institute. Meeting of the Council.

The validity of any proceedings of the Institute or the Council or of a committee of the Council shall not be adversely affected by any vacancy in membership, or by any defect in the appointment of a member of the Institute or of the Council or of a person to serve on the Committee or by reason that a person not entitled to do so took part in the proceedings.

Any member of the Institute or of the Council, and any person holding office on a committee of the Council, who has a personal interest in any contract or arrangement entered into or proposed to be considered by the Council on behalf of the Institute, or on behalf of the Council or a committee thereof, shall forthwith disclose his interest to the President of the Institute or to the Council, as the case may be, and shall not vote on any question relating to the contract or arrangement.

Supplementary Provisions Relating to the Disciplinary Tribunal and Investigating Panel of the Tribunal. The quorum of the Tribunal shall be four of whom at least two shall be members of the profession. For the purposes of any proceedings before the Tribunal, any member of the Tribunal may administer oaths and any party to the proceedings may issue out of the registry of the Court of Appeal writs of subpoena ad testificandum and duces tectum; but no person appearing before the Tribunal shall be compelled-.

For the purpose of advising the Tribunal on questions of law arising in the proceedings before it, there shall in all such proceedings be an assessor to the Tribunal who shall be appointed by the Council on the nomination of the Attorney-General of the Federation and shall be a legal practitioner of not less than ten years' standing.

The quorum of the Panel shall be three. The Tribunal or the Panel may act notwithstanding any vacancy in its membership; and the proceedings of either body shall not be invalidated by any irregularity in the appointment of a member of that body, or subject to paragraph 8 2 of this Schedule by reason of the fact that any person who was not entitled to do so took part in the proceedings of that body.

Any document authorised or required by virtue of this Act to be served on the Tribunal or the Panel shall be served on the Registrar appointed in pursuance of section 5 of this Act. Any expenses of the Tribunal or the Panel shall be defrayed by the Institute. Transfer of assets and liabilities.

At the commencement of this Act, any person holding any paid appointment in the Incorporated Institute shall hold a corresponding appointment in the Institute on the same terms and conditions as to tenure and otherwise but shall not be entitled to receive remuneration both from the Incorporated Institute and from the Institute in respect of the same period of service.

SCHEDULES FIRST SCHEDULE Supplementary provisions relating to the Council SECOND SCHEDULE Supplementary provisions relating to the Disciplinary Tribunal and the Investigative Panel of the Tribunal THIRD SCHEDULE Transitional provisions as to assets and liabilities An Act to establish the Chartered Institute of Stockbrokers to regulate the activities of members of the profession and for matters connected therewith. Regulations and rules Rules made for the purposes of this Act shall be subject to confirmation by the Institute at its next annual meeting or at any special meeting of the Institute convened for the purpose, and if then annulled shall cease to have effect on the day after the date of annulment, but without prejudice to anything done in pursuance or intended pursuance of any such rules.

Short title This Act may be cited as the Chartered Institute of Stockbrokers Act.

Powers of Council 2. Meeting of the Institute 5. Meeting of the Council 6. SECOND SCHEDULE [Section 10 5.

Laws of the Federation of Nigeria - CHARTERED INSTITUTE OF STOCKBROKERS ACT

Functions of assessors 5. THIRD SCHEDULE [Section 17 2.

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Com Independent Clearing House for Nigeria's Justice Sector. NOTES ON THE ACT. This Act amends the Certain Political, Public and Judicial Office Holders Salaries and Allowances, etc Act, by, among other things, increasing their annual basic salaries, allowances and fringe benefits. ARTICLES ON THE ACT.

inserted by FC2 system