National Institute of Securities Markets

Communiqué/Press Release

In exercise of the powers conferred by sub-regulation (3) of regulation 7 of the Securities and Exchange Board of India (Certification of Associated Persons in Securities Markets) Regulations 2007, National Institute of Securities Markets (NISM) in consultation with the Securities and Exchange Board of India hereby specifies the NISM-Series-XV: Research Analyst Certification Examination as the requisite standard for all associated persons registered as research analyst under SEBI (Research Analyst) Regulations, 2014, individuals employed as research analyst and partners of a research analyst, engaged in preparation and/or publication of research report or research analysis. An associated person shall be required to pass the NISM-Series-XV: Research Analyst Certification Examination to fulfill the requirements specified under Regulation 7(2) of the SEBI (Research Analysts) Regulations, 2014.

The NISM-Series-XV: Research Analyst Certification Examination, offered by NISM, will be available from March 02, 2015.

Details of NISM-Series-XV: Research Analyst Certification Examination, are given in Annexure-I and Annexure-II attached to this communiqué/press release.

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

–Sd–

G. P. Garg

Registrar

National Institute of Securities Markets

Copy to:

1. Executive Director, IMD, SEBI

Enclosures: Annexure I and Annexure II