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National Institute of Securities Markets
Communiqué/Press Release
 
 
NISM-Series-X-A: Investment Adviser (Level 1) Certification Examination
NISM/Certification/Series-X-A: IA-L1/2013/01 dated May 21, 2013

In exercise of the powers conferred by sub-regulation (3) of regulation 7 of the Securities and Exchange Board of India (Certification of Associated Persons in Securities Markets) Regulations 2007, National Institute of Securities Markets (NISM) in consultation with the Securities and Exchange Board of India hereby specifies the NISM-Series-X-A: Investment Adviser (Level 1) Certification Examination as level 1 examination which would be  the requisite standard for the associated persons registered as an investment adviser and partners and representatives of investment advisers under SEBI (Investment Advisers) Regulations, 2013 and offering investment advisory services. NISM would also be launching the level 2 of the Investment Adviser Certification Examination. An associated person shall be required to pass both the levels (i.e. NISM-Series-X-A: Investment Adviser (Level 1) Certification Examination and NISM-Series-X-B: Investment Adviser (Level 2) Certification Examination) tofulfill the requirements under Regulation 7(2) of the SEBI (Investment Advisers) Regulations, 2013.

Further, candidates who have passed the NISM Certified Personal Financial Advisor (CPFA) examination shall be considered as equivalent to passing the NISM-Series-X-A: Investment Adviser (Level 1) Certification Examination till the validity of the certification.

The NISM-Series-X-A: Investment Adviser (Level 1) Certification Examination, offered by NISM, will be available from June 03, 2013.

Details of NISM-Series-X-A: Investment Adviser (Level 1) Certification Examination are given in Annexure-I and Annexure-II attached to this communiqué/press release.

The text of these Annexures and the registration details are available at www.nism.ac.in.

 

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G. P. Garg
Registrar
National Institute of Securities Markets
 

Enclosures: Annexure I and  Annexure II

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