HOW WONDERBANKS CAN LEGALIZE

NEW MINIMUM PAID-UP CAPITAL FOR CAPITAL MARKET OPERATORS

S/N CATEGORY OF OPERATOR NEW MINIMUM PAID- UP CAPITAL
1 ISSUING HOUSE 2 billion
2 BROKER/DEALER 1 billion
3 TRUSTEES 40 million
4 FUND/PORTFOLIO MANAGER 500 million
5 CORPORATE INVESTMENT ADVISER 5 million
6 REGISTRARS 500 million
7 RATING AGENCY 20 million
8 CORPORATE SUB-BROKER 50 million
9 UNDERWRITER 2 billion
10 MARKET MAKER 2 billion
11 CONSULTANT (INDIVIDUAL) 500,000
12 CONSULTANT (PARTNERSHIP) 2 million
13 CONSULTANT (CORPORATE) 5 million
14 INDIVIDUAL INVESTMENT ADVISER 500,000
15 VENTURE CAPITAL MANAGER 20 million
16 COMMODITIES BROKER 40 million
17 CAPITAL TRADE POINT 20 million
18 STOCK/COMMODITIES EXCHANGE 500 million
19 CLEARING & SETTLEMENT AGENCY 1 billion
20 RECEIVING BANKER As stipulated by CBN 2 billion

NOTE:FLAGSHIP ASSET MANAGEMENT LTD APPLIED FOR CORPORATE INVESTMENT ADVISER(5MILLION NAIRA) & TREASURELINE INTERLINK LTD APPLIED FOR FUND MANAGER(500 MILLION NAIRA) .BOTH OF THEM ARE ON SEC'S LIST OF INTENDING MARKET OPERATOR.

WRITTEN BY ADENIYI ADEONOJOBI