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nigeria
SEC_NIGERIAnigeria

Fund Manager License

SEC Nigeria license to manage collective investment schemes and discretionary portfolios.

Minimum capital
₦150,000,000
Estimated timeline
~6 months

The Fund Manager license permits a company to manage collective investment schemes, mutual funds, and discretionary investment portfolios on behalf of clients under SEC supervision.

Document requirements

  • Certificate of Incorporation

    Mandatory

    CAC certificate of incorporation.

  • Evidence of share capital deposit

    Mandatory

    ₦150 million minimum paid-up capital, deposited and evidenced.

  • Compliance manual

    Mandatory

    Internal compliance and risk management framework.

  • Sponsored individuals

    Mandatory

    SEC-registered sponsored individuals for key functions.

  • Fidelity bond

    Mandatory

    Fidelity insurance bond as prescribed by SEC rules.

Frequently asked questions

Can a Fund Manager also act as a Broker-Dealer?

These are separate SEC licenses with different capital and conduct requirements — a firm holding both must meet each license’s requirements independently.

Ready to File This One?

Take the free assessment if you are still confirming the fit, or request this license directly and DLP's counsel starts vetting your dossier today.