NISM-Series-XXV-B: Persons Associated with Investment Advice (Sales and Other Non-Core Services) Certification Examination.

Communiqué/Press Release

NISM/Certification/ NISM-Series-XXV-B: Persons Associated with Investment Advice (Sales and Other Non-Core Services) Certification Examination/2026/01 dated May 18, 2026.

Pursuant to the discussions with SEBI’s Market Intermediaries Regulation and Supervision Department (MIRSD) team, NISM has initiated the development of certification examination for persons associated with Investment Advice.

Certification Examination named as NISM-Series-XXV-B: Persons Associated with Investment Advice (Sales and Other Non-Core Services) Certification Examination and hereby announces its launch w.e.f. June 01, 2026.

This examination aims to establish a minimum knowledge benchmark for the persons associated with Investment Advice, defined under Regulation 2(r) of the SEBI (Investment Advisers) Regulations, 2013. Further, NISM-Series-XXV-B: Persons Associated with Investment Advice (Sales and Other Non-Core Services) Certification Examination only caters to Persons Associated with Investment Advice who perform sales and other non-core services.

The NISM-Series-XXV-B: Persons Associated with Investment Advice (Sales and Other Non-Core Services) Certification Examination will be available to the candidates with effect from June 01, 2026. Its detailed structure, scope, and other particulars are provided in Annexure – I and Annexure – II of this communiqué/press release.

The text of these annexures and the registration details will be made available at www.nism.ac.in.

–Sd–

Yogita Jadhav

Registrar

National Institute of Securities Markets

Enclosures: Annexure I and Annexure II