National Institute of Securities Markets

Communiqué/Press Release

NISM-Series-XVII: Retirement Adviser Certification Examination

NISM/Certification/Retirement Adviser CPE/2019/1 dated July 9, 2019

Background:

Pension Fund Regulatory and Development Authority (PFRDA) has accredited the National Institute of Securities Markets (NISM) as the accredited institute for Certification of the Retirement Adviser Certification Examination.

NISM in consultation with the Pension Fund Regulatory and Development Authority (PFRDA) has specified the NISM Series XVII: Retirement Adviser Certification Examination as the requisite standard for individuals, proprietors, partners and representatives of a Retirement Adviser registered under Pension Fund Regulatory and Development Authority (Retirement Adviser) Regulations, 2016.

Individuals, proprietors, partners and representatives of a retirement adviser shall be required to pass the NISM Series XVII: Retirement Adviser Certification Examination to fulfill the requirements specified under Regulation 7(b) of the PFRDA (Retirement Adviser) Regulations, 2016. Further the regulation states that “fresh certification or renewal of the existing certificate through completing continuous professional education by the accredited institute must be obtained before expiry of the validity of the existing certificate to ensure continuity in compliance with the certification requirements”.

CPE Requirements:

According to NISM CPE policy, “… on or before expiry of the validity of the certificate possessed by an associated person, the associated person needs to either successfully complete the programme of continuing professional education specified by NISM during 12 months preceding the date of expiry of the certificate, or pass the relevant NISM Certification Examination before the expiry of the existing certificate, so as to have the certificate revalidated for a further period of three years. “

The fee for the program is Rs. 2500/- (Rupees Two Thousand Five Hundred Only). The certificate will be revalidated for a period of 3 years from the date of expiry of the existing certificate.

Therefore, those candidates who want to revalidate their existing certificate for NISM Series XVII, shall do so either by passing NISM Series XVII: Retirement Adviser Certification Examination or by successfully completing the one day CPE program for Series XVII.

Launch Date:

The CPE Programme will be made available from July 15, 2019 by NISM and its Accredited CPE Providers.

The Programme details are available at www.nism.ac.in

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Sunil Kadam

Registrar

National Institute of Securities Markets

Copy to:

  1. General Manager, PFRDA