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
MandatoryCAC certificate of incorporation.
Evidence of share capital deposit
Mandatory₦150 million minimum paid-up capital, deposited and evidenced.
Compliance manual
MandatoryInternal compliance and risk management framework.
Sponsored individuals
MandatorySEC-registered sponsored individuals for key functions.
Fidelity bond
MandatoryFidelity 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.