NISM Series XIX-C Alternative Investment Fund Managers
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:
- Offering mandatory Certification Examinations for Associated Persons in the Securities Market Intermediaries
- Offering Continuing Professional Education (CPE) Programs for Associated Persons in the Securities Market Intermediaries
SEBI vide its notification number SEBI/LAD-NRO/GN/2024/176– dated May 10, 2024, has mandated that the associated persons functioning in the key Investment team of the Manager of an Alternative Investment Fund, shall obtain certification from the National Institute of Securities Markets by passing the NISM-Series-XIX-C: Alternative Investment Fund Managers Certification Examination”.
In exercise of the powers conferred by sub-regulation (1) of Regulation (9) of SEBI (Certification of Associated Persons in Securities Markets) Regulations, 2007, NISM now specifies the online CPE Program (eCPE) for NISM-Series-XIX-C: Alternative Investment Fund Managers Certification Examination for revalidation of the certificate.
Accordingly, 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 online continuing professional education (eCPE) 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.
After verifying that the candidate has successfully completed the relevant eCPE 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.
Design and Delivery of the eCPE Programs / Sessions
The eCPE programs / session delivered in online mode. These are pre-recorded videos divided in the four sessions. The duration of these eCPE sessions ranges from two-hours to five-hours depending upon the modules. Each eCPE session is followed by evaluation and feedback. An eCPE session will be complete only after completing the evaluation test and filling up the feedback form.
Pre-requisite for eCPE
- Availability of seats – eCPE enrollments closes 48-hours prior to the scheduled date. Kindly enroll in advance to avoid the inconvenience.
- System Requirements: Candidates are advised to have a laptop/desktop mobile/tablet/ipad and other devices.
- Internet Specifications: A stable broadband internet connection with a minimum download speed of 2 Mbps is necessary.
- Browser Compatibility: Supported on both Google Chrome, Firefox and Microsoft Edge web browsers (Windows) optimized to work seamlessly with the latest versions of these browsers and those released thereafter.
Minimum System Requirement for attending eCPE programme:
- Desktop computer or laptop desktop (mobile/tablet/ipad and other devices will not be supported)
Built-in or external webcam and microphone. - Connection to a network with sufficient internet speed: at least 2 Mbps download speed and 2 Mbps upload speed.
- Note that corporate firewalls, including VPNs, might hinder proctoring. It’s recommended to take your e-CPE in a setting without a corporate firewall.
- Preferred browsers Google Chrome, Firefox and Microsoft Edge with the latest version.
- Operating systems: Windows 10 or newer
- Display requirements: Minimum Resolution: 1024 x 768 in 16-bit color (recommended Resolution: 1920 x 1080 in 32-bit color.)
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/internet.
General requirements/instructions for attending eCPE Programme:
- Candidate should ensure that above mentioned requirements are fulfilled before starting the eCPE programme.
- Candidate should keep the original photo identity card ready before starting the eCPE programme.
Candidate should ensure that he is properly visible in the camera while system captures his/her photograph before starting the eCPE programme. - Candidate should ensure that his/her system webcam and microphone (In-built) is in working condition before starting the eCPE programme.
- Candidate should ensure to close all other applications/programmes before starting the eCPE programme.
- Candidate should ensure that he sits in an isolated place so that no disturbances occurred while taking the eCPE programme.
- Candidate should ensure that he himself/herself sits throughout the session.
- Candidate’s performance will be monitored by NISM either in its entirety through recorded videos or in part thereof using snapshots and 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 shall form a part of the candidate evaluation process that NISM verifies before issuance of certificate. NISM may reject issuance of certificate / cancel an issued certificate and/or take appropriate action based on the proctoring information.
- NISM may deny CPE certificate if an eCPE programme is not attended in entirety by the candidate or if a person other than the registered candidate attends eCPE programme or if any other discrepancy is observed.
Note: The content and duration of the eCPE Programs shall be specified from time to time, by NISM for each eCPE Program specific to each Certification Examination.
Click here to know about the Design and Delivery of the eCPE Program.
