The CPE structure has been specified vide communiqué NISM/Certification/CPE General/2011/1 dated December 21, 2011.

On or before expiry of the validity of the certificate possessed by an associated person, the associated person needs to either successfully complete the programme of continuing professional education specified by NISM during 12 months preceding the date of expiry of the certificate, or pass the relevant NISM Certification Examination before the expiry of the existing certificate, so as to have the certificate revalidated for a further period of three years.

To obtain a certificate for the first time, associated persons, who are Principals and Grandfathered Persons, will have the following options:

(a)   Passing the NISM-Series-I: Currency Derivatives Certification Examination, as specified by NISM.

(b)   Successfully completing the 2 day CPE program (NISM’s CPE for Currency Derivatives), as specified by NISM.

The mandated two day CPE Programme of NISM can be successfully completed by a candidate by either attending the relevant CPE Programme on two consecutive days or with a gap. However, both the days of CPE Programme must be completed during 12 months preceding the date of expiry of the certificate. Attending only one day of the relevant CPE Programme during 12 months preceding the date of expiry of the certificate shall not be considered as successful completion.

Design of CPE programs

• The CPE programs conducted by CPE providers shall be approximately of 12-hour duration to be conducted over 2 training days or as may be specified by NISM.
• At the end of the second day of the CPE Program, a test shall be conducted by the CPE Provider. (The details related to the CPE programs content, duration and test shall be specified by NISM for each CPE program specific to each certification examination, from time to time).

Delivery of CPE programs

• CPE programs may be delivered in class room format.
• NISM has accredited CPE Providers for the delivery of NISM CPE Programs. The list of the accredited providers will be made available on www.nism.ac.in.
• In addition to the accredited CPE Providers, NISM may also provide class room delivery of CPE Program specific to each certification examination.
• After verifying that candidates have successfully completed the relevant CPE Program, the certificate will be revalidated by NISM.

Enrolment for attending CPE Program

• Candidate shall approach CPE Providers, as may be accredited by NISM.

Fees:

Fees for NISM CPE Program will be:

1. Rs. 1800/- (Rupees Eighteen Hundred only) per day/per candidate/per program in case a candidate opts for a single day training (i.e. candidate chooses to complete training for only day at a time out of the two days of CPE Program).
2. Rs. 1700/- (Rupees Seventeen Hundred only) per day/per candidate/per program in case candidate chooses to complete both days training on two consecutive days of two days CPE Program.