PGDM 311017

PGDQF3110117

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CSL311017

National Institute of Securities Markets
Addendum
NISM Continuing Professional Education Requirements
 

NISM/Certification/ CPE General/2011/2 dated January 23, 2012

Further to NISM Communiqué/Press Release on “NISM Continuing Professional Education Requirements” - NISM/Certification/ CPE General/2011/1 dated December 21, 2011, NISM hereby issues the following clarification pertaining to the ‘experience’ as referred to in the section on Certification and Continuing Professional Education Requirements for grandfathered person for (a) obtaining a certificate for the first time and (b) for revalidating the certificate: 

A) Certification and Continuing Professional Education Requirements for grandfathered person for obtaining a certificate for the first time

Grandfathered person

A person other than a Principal, who has attained 50 years of age or who has 10 years of experience, may obtain the certificate by any of the following methods:

(a) Passing the relevant certificate examination, as may be specified by NISM.
(b) Successfully completing a related 2 day CPE Program, as may be specified by NISM.
 

B) Certification and Continuing Professional Education Requirements for grandfathered person for revalidating the certificate

Grandfathered person

A person other than a Principal, who has attained 50 years of age or who has 10 years of experience, may get the certificate revalidated by any of the following methods:

(a) Passing the relevant certificate examination, as may be specified by NISM.
(b) Successfully completing a related 2 day CPE Program, as may be specified by NISM. 

In both of the above cases, the term “experience” will be construed as experience in the securities markets in the activities as specified in sub-regulation (4) of regulation 3 of SEBI (Certification of Associated Persons in the Securities Markets) Regulations, 2007. [SEBI (CAPSM) Regulations, 2007] 

Where the sub-regulation (4) of regulation 3 of SEBI (CAPSM) Regulations, 2007 states the following activities:

(a) whether the associated person as part of his work or operation deals or interacts with the investors, issuers or clients of intermediaries;
(b) whether the associated person deals with assets or funds of investor or clients;
(c) whether the associated person handles redressal of investor grievances;
(d) whether the associated person is responsible for internal control or risk management;
(e) whether the associated person is responsible for compliance of any rules or regulations;
(f) whether the associated person is engaged in activities that have a bearing on operational risk of the intermediary.
 
 
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M. L. Soneji
Registrar
National Institute of Securities Markets

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