This is with reference to NISM/Certification/Series-IV: IRD/2010/1 dated May 18, 2010, specifying the NISM-Series-IV: Interest Rate Derivatives Certification Examination as the requisite standard for the approved users and sales personnel of the ‘Trading members’ who are registered as such in the Currency Derivatives Segment of a recognized stock exchange and trading in Interest Rate Derivatives. This examination is being offered to the candidates since May 20, 2010.

In order to incorporate market and regulatory changes, NISM has updated the NISM-Series-IV: Interest Rate Derivatives Certification Examination. The revised NISM-Series-IV: Interest Rate Derivatives Certification Examination will be launched with effect from May 11, 2022.

The NISM-Series-IV: Interest Rate Derivatives Certification Examination with its current content (as per the existing test objective and workbook) will be available to the candidates till May 10, 2022 and will be replaced by the revised examination (as per the revised test objectives and workbook) from May 11, 2022.

Details of the revised examination can be downloaded from the website of NISM.

Details of the revised NISM-Series-IV: Interest Rate Derivatives Certification Examination are given in Annexure-I and Annexure-II of this communiqué/press release.

The text of these Annexure and the registration details are available at www.nism.ac.in.

–sd–

Sunil Kadam

Registrar

National Institute of Securities Markets

Copy to:

ED, MIRSD, SEBI

Enclosures:Annexure I and Annexure II