Bill to expand the scope of operations of the Chartered Institute of Stockbrokers to be passed very soon

    VICE Chairman, Senate Committee on the Capital Market, Senator Festus Ogwuma, says that the Bill to expand the scope of operations of the Chartered Institute of Stockbrokers, CIS,  would be passed very soon.

    Senator Ogwuma who was a guest at the 2017 National Workshop of the CIS in Abuja, at the weekend explained that on-going review of the Investment and Securities Act , ISA, bill on demutualization of Nigerian Stock Exchange and other bills aimed at enhancing globalization of the capital market would be accorded priority by the National Assembly.
   According to him, the CIS Bill has passed two readings and the third reading would be done soon,  noting  that under the review of the ISA, there would be two windows, namely: arbitration window and normal window.
    The arbitration window is regarded as the internal mechanism for cases to be redressed by the Institute, while normal window is the external mechanism for cases to be addressed by the law court.