The School for Certification of Intermediaries (SCI) at NISM is engaged in developing certification examinations for professionals employed in various segments of the Indian securities markets. These examinations are being developed by NISM as mandated under SEBI (Certification of Associated Persons in the Securities Markets) Regulation, 2007.

Click below to find out more about NISM examinations:

1. NISM Series-I: Currency Derivatives Certification Examination (NISM-Series-I: CD Examination)
2. NISM Series-II-A: Registrars and Transfer Agents (Corporate) Certification Examination (NISM-Series-II-A: RTA (Corp) Examination)
3. NISM Series-II-B: Registrars and Transfer Agents (Mutual Fund) Certification Examination (NISM-Series-II-B: RTA (MF) Examination)
4. NISM Series-III-A: Securities Intermediaries Compliance (Non-Fund) Certification Examination
5. NISM Series-IV: Interest Rate Derivatives Certification Examination (NISM Series-IV: IRD Examination)
6. NISM Series-V-A: Mutual Funds Distributors Certification Examination (NISM Series-V-A: MFD Examination) 
7. NISM-Series-­­­­­V-B: Mutual Fund Foundation Certification Examination
8. NISM Series-VI: Depository Operations Certification Examination (NISM Series-VI: DOCE)
9. NISM Series-VII: Securities Operations and Risk Management Certification Examination (NISM Series-VII: SORM Examination)
10. NISM-Series-VIII: Equity Derivatives Certification Examination (NISM-Series-VIII: ED Examination)

Above examinations are mandatory as per the following regulations and notifications:

• SEBI (Certification of Associated Persons in the Securities Markets) Regulation, 2007
• SEBI Notification on NISM Series I: Currency Derivatives
• SEBI Notification on NISM Series IIA and IIB: RTI-STA-Notification
• SEBI Notification on NISM Series-IV: Interest Rate Derivatives dated June 29, 2010
• SEBI Circular on NISM-Series-V-A: Mutual Fund Distributors Certification Examination dated June 24, 2010
• SEBI Notification on NISM Series-V-A: Mutual Fund Distributors dated May 31, 2010
• SEBI Notification on NISM Series-VII: Securities Operations and Risk Management Examination dated Dec. 10, 2010
• SEBI Notification on NISM Series-VI: Depository Operations Certification Examination dated March 29, 2011
• SEBI Notification on NISM-Series-VIII: Equity Derivatives Certification Examination dated January 11, 2013
• NISM-Series-V-B: Mutual Fund Foundation Certification Examination NISM/Certification/MFFCPE/2013/1 dated January 7, 2013
• NISM-Series-V-B: Mutual Fund Foundation Certification Examination
• NISM-Series-IIIA: Securities Intermediaries Compliance (Non-Fund) Certification Examination