The Chartered Institute of Stockbrokers (CIS) is a professional Institute established by Act 105 of 1992 as a not-for-profit organization to provide training for professionals in stockbroking, securities and investment, fund and portfolio management, asset management, investment management, and other related fields. It is also responsible for the regulation and discipline of members of the profession. CIS is an affiliated member of APBN and an active member of Association of Certified International Investment Analysts (ACIIA) based in Switzerland. The Institute's qualification compares favourably with other foreign qualifications given its rigorous and practice-oriented content and examination. Holders of its certification are highly skilled personnel and hold top positions both in the private and public sectors by virtue of the qualitative, rich and relevant training they had undergone before achieving the certification.