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About Commodity Derivatives CPE

Background

National Institute of Securities Markets (NISM) performs two functions delegated to it under the Securities and Exchange Board of India (Certification of Associated Persons in the Securities Markets) SEBI (CAPSM) Regulations, 2007. They are:

1. Offering mandatory Certification Examinations for Associated Persons in the Securities Market Intermediaries

2. Offering Continuing Professional Education (CPE) Programs for Associated Persons in the Securities Market Intermediaries

NISM Series XVI: Commodity Derivatives CPE

In exercise of the powers conferred by Sub-regulation (1) of Regulation (9) of the SEBI (Certification of Associated Persons in the Securities Markets) Regulations 2007, NISM specifies the CPE Program for ‘NISM-Series-XVI: Commodity Derivatives Certification Examination’, for revalidation of the certificate. Accordingly, any person holding any of the following Certificates:

(Refer NISM/Certification/Series-XVI: Commodity Derivatives/2019/01 dated October 11, 2019)

Accordingly, an Associated Person (approved users and sales personnel of the trading members registered as such in the commodity derivatives segment of a recognized stock exchange holding any of the following Certificates:

(a) NISM Series XVI: Commodity Derivatives Certification Examination (After October 11, 2019)

(b) NISM Series XVI: Commodity Derivatives Continuing Professional Education (After October 11, 2019)

(c) MCCP Certifications (MCX Commodity Professional) (Before October 11, 2019)

(d) NCDEX Institute of Commodity Markets and Research (NICR) – Commodity Trader Certification Course (Before October 11, 2019)

(e) NSE’s Certification in Financial Markets (NCFM) – Commodity Market Module (Before October 11, 2019)

and the validity of which has not expired can re-validate his/her Certificate for a period of three years from its date of expiry, by successfully completing NISM Series XVI: Commodity Derivatives Continuing Professional Education Program as specified by NISM during 12 months preceding the date of expiry of the Certificate.

Note: Associated Person not belonging to either the Principal or the Grandfather Category, whose Certificate has expired, will have to pass the NISM-Series-XVI: Commodity Derivatives Certification Examination to obtain a new Certificate.

Also, Associated Person belonging to the Principal* or the Grandfather** Category can obtain a Certificate for the first time by successfully completing NISM Series XVI: Commodity Derivatives Continuing Professional Education Program as specified by NISM.

Design and Delivery of the CPE Program –

  • The CPE Programs shall be delivered in a class-room format.
  • NISM has Accredited CPE Providers for the delivery of the NISM CPE Programs.
  • All NISM CPE Programs are of one-day duration (approximately six hours).
  • A test shall be conducted at the end of the Program.
  • After verifying that Candidates have successfully completed the CPE Program, NISM shall issue a new Certificate for a period of three years from the date of the Program or revalidate an existing Certificate for a period of three years from its date of expiry.
  • Note: The content and duration of the CPE Programs shall be specified from time to time, by NISM for each CPE Program specific to each Certification Examination.

Design and Delivery of the eCPE Program –

  • The e-CPE Programs is delivered in online mode.
  • Pre-requisite for eCPE –
    • System requirement – Candidates should, preferably, have a laptop/desktop enabled with webcam and microphone with at least 8GB of RAM, Processor – i3 dual core 2.2 Ghz 5th Generation or equivalent/higher.
    • Internet requirement – Stable Broad band internet with minimum speed of at 2 Mbps download speed.
    • Browser requirement – Latest Google Chrome (version 80 and above) only after installing HirePro Remote Proctoring Chrome Extension. Please note that Firefox Mozilla, Microsoft Edge or Internet Explorer are not supported.
    • Mobile Phone Usage –  Mobile phone is not supported to access eCPE Sessions.
    • Office Networks – Please be aware that OFFICE NETWORKS MAY BLOCK certain course content and therefore, you may not be able to access or complete the course from your office network. It is therefore, recommended to use your personal network preferably.
  • Candidate’s performance during the online eCPE session may be monitored by NISM either in its entirety through or in part thereof using snapshots and/or microphone feed. The audio-visuals and other information so obtained will be stored by NISM on its server and/or a third-party hosting service provider and/or its supplier/s. The proctoring information in the form of audio-visuals may form a part of the candidate evaluation process followed by NISM before issuance of any certificate. NISM may reject issuance of certificate / cancel an issued certificate and/or take appropriate action based on the proctoring information.
  • Duration of Commodity Derivatives eCPE programme shall be of around three to five hours.
  • After verifying that Candidates have successfully completed the e-CPE Program, NISM shall issue a new Certificate for a period of three years from the date of the Program or revalidate an existing Certificate for a period of three years from its date of expiry.

Validity of the Certificate

The Validity of the Certificate obtained by attending a Continuing Professional Education Program is for a period of three years from the date of expiry of any of the above mentioned Certificates.