Page 8 – National Institute of Securities Markets (NISM)

Exchange Traded Funds

Posted on October 11, 2023October 11, 2023 by nism_admin

Author: Denny B Justin

Exchange Traded Funds (ETFs) are investment funds that aim to track the performance of an underlying index, commodity, or basket of assets. Unlike mutual funds, ETFs trade on stock exchanges like individual stocks. They offer real-time pricing and intraday trading, lower expense ratios, and greater transparency, making them more cost-effective and accessible to investors. Their primary purpose is to provide investors with a convenient and cost-effective way to diversify their portfolios. These financial instruments have emerged as the cornerstone of contemporary portfolio management. In this exploration of ETFs, we delve into their origins, characteristics, and transformative influence on how investors navigate the complexities of today’s financial markets.

ETF shares are created or redeemed by authorized participants (typically large financial institutions) in a process called “creation and redemption.” This process involves exchanging a basket of underlying assets for ETF shares or vice versa, which helps to keep the ETF’s market price in line with its Net Asset Value (NAV). ETFs can track several assets, including equities (stock ETFs), fixed-income securities (bond ETFs), commodities (commodity ETFs), currencies (currency ETFs), and even alternative assets such as real estate and cryptocurrencies. ETFs achieve diversification by holding a diversified portfolio of underlying assets. For example, a broad stock market ETF might have shares from hundreds or thousands of different companies, spreading risk and providing exposure to the entire market.

In recent years, a significant incident in Exchange Traded Funds (ETFs) has occurred in India and globally, highlighting their resilience and adaptability. During the economic challenges posed by the COVID-19 pandemic in 2020, India witnessed a notable milestone when the government launched the first ETF tracking the performance of government-owned companies, the Bharat Bond ETF. Exchange Traded Funds (ETFs) have steadily gained prominence in the Indian financial landscape, mirroring the global trend toward these versatile investment instruments. ETFs have found favor among both retail and institutional investors in India. Investors in the country have witnessed the proliferation of ETFs tracking various indices, asset classes, and thematic strategies, providing opportunities to tailor portfolios to specific investment goals.

ETFs typically have lower expense ratios than mutual funds. They offer intraday trading, enabling investors to buy and sell shares at market prices throughout the trading day. Market makers provide liquidity, ensuring that ETFs can be readily traded. ETFs maintain price alignment through arbitrage. Market makers create or redeem ETF shares to profit from price differentials between the ETF and its underlying assets, ensuring that the ETF’s market price closely matches its NAV. Investors should consider ETF’s expense ratio, tracking error, liquidity, underlying assets, and investment strategy. Aligning the ETF with specific investment goals and risk tolerance is crucial.

In conclusion, Exchange Traded Funds (ETFs) are a smart tool for investors. They are a way to invest your money that makes things easier. With ETFs, you can spread your money across different things, such as stocks or bonds, by buying one thing. They are like a buffet where you can choose from many other foods without ordering each separately. ETFs are great for both new and experienced investors. As investors increasingly seek efficient and accessible investment solutions, ETFs continue to play a pivotal role in shaping the investment landscape in India, offering a compelling avenue for those looking to harness the benefits of a well-diversified and cost-effective portfolio. In our fast-changing world, ETFs help people invest their money wisely and simply, making them an essential part of modern investing.

Enterprise Risk Management

Posted on October 10, 2023October 13, 2023 by nism_admin

Author- Denny B Justin

Imagine a tightrope walker wobbling high above the ground, where every step is a calculated risk, and in this breathtaking act, Enterprise Risk Management takes center stage as the accurate choreographer, orchestrating a delicate balance between threats and opportunities. A firm must deal with risks ranging from financial uncertainties and operational hiccups to regulatory changes, natural disasters, and emerging market challenges.

Let us discuss the primary objective of Enterprise Risk Management and why it is essential for organizations.

The primary objective of Enterprise Risk Management is to systematically identify, assess, and manage risks that could affect a firm’s ability to achieve its strategic goals. ERM helps firms proactively deal with uncertainties, minimize potential threats, and seize opportunities. It promotes a culture of risk awareness and allows businesses to make informed decisions, ultimately contributing to long-term sustainability and success. Key performance indicators of ERM can be risk exposure reduction, risk mitigation effectiveness, risk appetite adherence, incident response time, and the number of identified risks over time.

There are four significant risks that any firm has to deal with. They are- strategic, operational, financial, and compliance risks. Strategic risks are associated with a firm’s strategic decisions and goals. It includes market changes, competition, and technological advancements. Operational risks stem from internal processes, people, systems, or external events. Operational risks include fraud, employee errors, and supply chain disruptions. Financial risks are mainly reflected in potential investment losses, capital structure, and financing decisions. Examples include market volatility and credit risk. Compliance Risk refers to failing to comply with laws, regulations, and industry standards. Non-compliance can result in legal consequences and damage to reputation.

ERM employs structured processes such as risk assessments, risk mapping, and risk registers to identify potential risks. These risks are then assessed based on their impact and likelihood. Prioritization uses risk matrices, allowing organizations to focus on the most significant risks that require immediate attention.

Now, we understand the importance of Risk Management in an enterprise. You must be wondering how an individual can become the ‘white blood cells’ of firms. There are various certification courses available for ERM in India and abroad. For example, the National Institute of Securities Markets (NISM) offers a certification course on ERM- Enterprise Risk and Indian Regulation Course (ERIRC). Such certified courses will help one to understand the advanced concepts and methodologies of risk management.

So, as we conclude our journey through Enterprise Risk Management, remember that in this ever-changing world, it is not the absence of risk but the mastery of it that defines the true champions of industry. As businesses evolve and global landscapes shift, ERM remains an indispensable ally, enabling companies to survive and thrive. It fosters a culture of resilience and innovation, encouraging organizations to embrace change, capitalize on opportunities, and steer their destinies.

Algorithmic Trading

Posted on October 10, 2023October 13, 2023 by nism_admin

Author- Denny B Justin

In the ever-evolving world of stock markets and finance, the application of artificial intelligence (AI) concepts has ushered in a new trading era. Algorithmic Trading, with its roots deeply embedded in the realm of AI, stands as a testament to the transformative power of technology in finance. The concept of Algorithmic Trading is a revolution orchestrated not by the frantic shouts of traders on a bustling exchange floor but by the digital symphony of algorithms and artificial intelligence.

Emergence of Data Science and AI in Financial Markets

Historically, trading in financial markets was a domain where human intuition and experience prevailed. Investors and traders rely on their judgment to make decisions, often influenced by emotions and cognitive biases. However, modern markets’ complexity and volatility have exceeded human traders’ mental capacity. Enter AI, with its ability to analyze vast datasets, discern patterns, and execute trades at speeds beyond human comprehension. Algorithmic trading, the embodiment of artificial intelligence and data science in finance, represents a departure from traditional trading methodologies.

Algorithmic trading is a discipline guided by meticulously designed algorithms—complex rules and instructions governing trading decisions. These algorithms, often crafted by quantitative analysts and data scientists, leverage machine learning techniques to adapt continuously to evolving market conditions. AI algorithms can precisely identify trends, arbitrage opportunities, and risk factors by drawing insights from historical market data. The effectiveness of algorithmic trading hinges on the strategies employed. Algorithmic trading strategies can be constructed using a solid base in data science and AI. Skilled professionals are essential for designing, testing, and monitoring algorithms. Additionally, human intervention may be necessary for extreme market volatility when algorithms encounter unforeseen challenges. Learning how to incorporate AI concepts in financial markets will open doors to opportunities for algorithmic trading. The National Institute of Securities Markets (NISM) offers a certification course on data science named Certificate Program in Data Science (CPDS). Having certified knowledge in data science will help you to stand out in jobs in top investment banking and trading firms.

Algorithmic Trading Strategies

One of the most prominent applications of algorithmic trading is high-frequency trading (HFT). HFT strategies rely on executing many trades in fractions of a second, often capitalizing on minuscule price differentials. The velocity with which HFT algorithms navigate the markets has profoundly transformed market microstructure and liquidity dynamics. But it has also raised concerns about market fairness and stability. Quantitative strategies involve using mathematical and statistical models to identify trading opportunities. These models consider many factors, including historical price data, trading volumes, and macroeconomic indicators. They aim to systematically capture alpha, which represents the excess return of a portfolio relative to a benchmark. Arbitrage strategies exploit price discrepancies across different markets or assets. For instance, statistical arbitrage involves identifying pairs of assets that historically move in tandem but have temporarily diverged in price. Traders then buy the undervalued asset and short-sell the overvalued one, betting on a convergence of prices. Market-making strategies involve continuously quoting buy and sell prices for a particular asset, profiting from the bid-ask spread.

In conclusion, algorithmic trading is a testament to the convergence of AI and finance. Its ability to process vast data, execute trades at remarkable speeds, and manage risk effectively has reshaped the financial landscape. The power of algorithms is immense, but so are the responsibilities accompanying it. The concerns surrounding market fairness and stability demand our unwavering attention, just as the potential for efficiency and opportunity beckons us toward a bold new frontier. As we study the importance of algorithmic trading, the partnership between human expertise and AI innovation will continue to define the trajectory of finance in the digital age.

Exploring NISM’s Financial Planning Certifications

Posted on September 22, 2023September 22, 2023 by nism_admin

In today’s intricate financial landscape, acquiring a professional certification can be a transformative step in bolstering one’s career trajectory and bolstering credibility within financial planning. Being Certified as a Financial Planner emerges as a pinnacle of recognition and respect in the expansive array of certifications available. Detailed below are some financial planning certifications like NISM-Series-XVIII: Financial Education Certification Examination, elucidating how they cater to specialized niches within the industry.

In addition to this, it’s worth exploring the educational offerings provided by the National Institute of Securities Markets (NISM), which plays a pivotal role in India’s financial landscape. NISM extends its expertise to both wealth management (WM) and financial planning (FP), rendering it a valuable resource for professionals seeking to fortify their knowledge and skills in these domains. These offerings by NISM serve as stepping stones for individuals aspiring to excel in the dynamic world of financial services.

Benefits and Importance of Financial Planning Certifications (FPCs)

1. Comprehensive Knowledge: FPC professionals are trained to offer holistic financial planning services. They have a deep understanding of various aspects of financial planning, including retirement planning, investment management, tax planning, estate planning, and insurance.

2. Client Trust: FPCs are synonymous with high ethical standards and a fiduciary duty to clients. This trust-building aspect is crucial in establishing long-lasting relationships with clients.

3. Career Advancement: Such certifications can open doors to numerous career opportunities. Financial planners with this credential are often sought after by financial institutions, advisory firms, and clients seeking expert guidance.

4. Continuing Education: Professionals must undergo continuous education to stay updated with the latest industry trends and regulations. This commitment to lifelong learning keeps them at the forefront of financial planning.

NISM Offerings in the Wealth Management and Financial Planning Space

NISM, the National Institute of Securities Markets, holds a prominent position in India’s financial services sector, offering various certifications and educational programs tailored to the specific needs of professionals and individuals aspiring to excel in the Indian financial industry.

In wealth management (WM), NISM provides the Wealth Advisor (Level 2) certification. This highly regarded qualification equips individuals with the essential knowledge and skills to adeptly deliver wealth management services to clients. This comprehensive certification encompasses vital areas such as risk management, a thorough understanding of various investment products, and adherence to crucial regulatory compliance standards. It empowers wealth management professionals with the expertise to navigate the intricacies of financial markets while ensuring their clients’ financial well-being.

Within the financial planning (FP) sphere, NISM extends the Investment Adviser (Level 1 and Level 2) certifications, designed to elevate professionals into competent investment advisers. These certifications delve into the intricacies of financial markets, imparting critical insights into effective investment strategies and instilling a deep understanding of regulatory requirements. By obtaining these certifications, individuals can offer informed and strategic investment guidance to their clients, thus bolstering their credibility and expertise in financial planning.

Final Takeaway,

NISM’s wealth management and financial planning offerings provide valuable opportunities for individuals in India to enhance their knowledge and advance their careers in the financial services sector. Ultimately, the choice of certification should align with one’s career aspirations and the specific needs of their clients or employers.

Understanding of the Wealth Management

Posted on September 18, 2023September 18, 2023 by nism_admin

Author: Denny B Justin

Finally, after all your college struggles, you landed yourself a job. You are excited and have huge expectations of spending every single penny. Are you going to spend on anything that comes your way recklessly? Can you get through the month doing that? And what about saving for the future? By this time, you must have known the hard work one has to put in to get money. Money comes with hard work and gets empty within no time.

Poor money management can drive a multi-billionaire into bankruptcy. Even some superstars go bankrupt because of poor wealth management. Being rich is not the same as having wealth. Wealth is like an iceberg. Only a tiny portion of the wealth will be exposed to spending as cash, but the base is strong and can provide sustainability for generations. Money is just a piece of paper if it is not used wisely. The value of money is determined by how we spend money. So, it is essential to know how to manage your wealth.

Wealth management is a multifaceted financial discipline that plays a pivotal role in safeguarding and enhancing an individual’s or an organization’s financial well-being. In this article, you will understand wealth management comprehensively, elucidating its key components, strategies, and importance in the contemporary financial landscape. It incorporates a detailed understanding of financial services, including investment advisory, tax planning, estate planning, risk management, etc. Proper wealth management can optimize wealth over time.

Let us go through some of the financial services that help manage money.
1. Financial Planning: The basics of wealth management are financial planning. Financial planning helps you understand the cash flow in your wallet and allows you to know where not to spend money.
2. Tax Planning: Tax is a significant factor that eats up the money from your profits. An adequate understanding of wealth management helps to devise strategies to minimize tax liabilities through tax-efficient investments, deductions, and other techniques.
3. Investment Management: Proper allocation of assets in stocks, bonds, gold, real estate, and alternative investments will help to grow wealth. A series of analyses is required to generate more significant returns. Investing earlier will help you grow your wealth and save for the future. It enables you to retire early and spend your old age without tension.
4. Estate Planning: A person’s total land assets are collectively known as estate. Estate price keeps on increasing generation after generation. Managing estate assets and building strategy for transferring wealth to heirs or beneficiaries while minimizing estate taxes.
5. Risk Management: Evaluate and manage various risks, including market risk, liquidity risk, and longevity risk, are to be done to ensure higher returns. In the 2008 financial crisis, many multi-millionaires went broke due to a lack of proper risk analysis and became crisis victims.

So, why do we need to understand wealth management? How does wealth management become the most critical skill to gain in the 21st Century? How to master wealth management?

A financial plan is essential to monitor your spending and keep you on track with your budget. Effective wealth management helps to achieve financial security by providing strategies to grow and protect assets. Proper wealth management practices enable one to set and achieve financial goals, whether funding education, retiring comfortably, or leaving a legacy for future generations. Many consultancy companies provide wealth management and early retirement advisories. But these companies charge huge commissions, which itself act as your money burner. It is highly advised that one with money must know wealth management. There are various certification courses available for wealth management in India. National Institute of Securities Markets (NISM) and CRISIL offer a certification course on wealth management named Certified Wealth Manager (NCCWM). Having certified knowledge in wealth management will help you safeguard your money and devise strategies to reduce the impact of taxes on wealth accumulation and distribution.

Money is a magnet. It can attract a lot of things, including people who want your money. Handling money requires a significant amount of expertise. It’s an instrument that you need practice to master. You have to understand the possible money suckers and avoid them. A person who understands wealth management can blow money without going broke. Wealth management literacy will mold you to be the shark among fishes.

In conclusion, wealth management is not just accumulating assets. Instead, it is a multifaceted discipline that encompasses financial planning, investment management, tax planning, estate planning, and risk management. It is pivotal in helping individuals and organizations achieve their financial goals while safeguarding their assets. Wealth management is the compass that guides you toward financial security and enables you to achieve your goals, whether it’s retiring comfortably, funding your child’s education, or leaving a lasting legacy.

Broking Operations Management

Posted on September 18, 2023August 7, 2025 by nism_admin

Author: Denny B Justin

In the pulsating heart of the global financial landscape, where fortunes hang in delicate balance, brokers serve as the indispensable intermediaries that facilitate trading activities, ensuring liquidity, transparency, and efficiency. Welcome to the exhilarating world of Broking Operations Management, where every tick of the clock and every tick on the ticker tape can tip the scales of fortune. Broking Operations Management improves financial flow by facilitating efficient execution, optimizing market liquidity, and mitigating risks, brokers bolster market functionality and engender investor trust.

Broking operations management (BOM) is the process of managing the various activities involved in the execution, clearing, and settlement of trades in the securities market. BOM ensures broking services’ efficiency, accuracy, and compliance. They facilitate the efficient functioning of financial markets, connecting investors, traders, and institutions while ensuring transparency and liquidity. Effective operations management includes meticulous planning and execution to mitigate risks and optimize market functionality. Broking operations management ensures the timely and accurate execution of orders, reducing market disruptions.

How does broking operations management provide support to the financial market industry? Well, the answer to this question is simple. As we know, all financial transactions are done through brokers for any purchase within the financial market, and organized broking operations are to be ensured. These are some of the strategies in broker operation management:
• Effective Risk Management: The primary objective of broking operation management is to develop comprehensive risk management protocols that identify, assess, and mitigate risks across all facets of the business.
• Technological Advancements: It is essential to use technology in this technology-driven world. Major technological tools used in broker operation management are algorithmic trading, AI-driven analytics, and blockchain to enhance operational efficiency and client experience.
• Compliance and Ethical Standards: Foster a culture of compliance and ethics within the organization. Stay abreast of regulatory changes and invest in training and compliance infrastructure.
• Diversification: Diversify service offerings to capture a broader client base and reduce reliance on specific market segments. Diversification helps to reduce client dependency and create a brand among the broker community.

There are Broking operations management professionals, known as Broking Operations Executives, who analyze the trading lifecycle from the point of trade execution to clearing and settlement. From the above paragraph, we understand that Broking operations management is the backbone of financial markets. Hence, the broking operations executives also have high importance among the trading community. One should have specific skills on broking operation management to be an executive. Top certifications like the “Broking Operations Management (BOM)” certification offered by the National Institute of Securities Markets (NISM) will help you build a strong foundation in broking operations.
Broker operation executives often faces challenges unlike others. Imagine a bustling trading floor, the heartbeat of global finance, where myriad financial instruments change hands with dizzying speed. Evolving regulatory frameworks create a high demand for constant vigilance to ensure compliance. Failure to adhere to them can lead to substantial penalties and reputational damage. The competition among brokers has tremendously increased after adopting quantitative strategies in the financial market. As brokers work in highly volatile financial markets, the broker management must be aware of the unpredictable waters of financial markets. This involves making rapid decisions, optimizing portfolios, and implementing risk mitigation strategies. Constant research and updating of knowledge should be done to implement appropriate broker management operation solutions. A perennial challenge is balancing cost-effective operations and delivering top-notch services.

In conclusion, Broking Operations Management serves as the cornerstone of the financial intermediary industry, bridging the gap between investors and the market. A strong commitment to compliance and ethics, continuous diversification of services, and the cultivation of top-tier talent further cement the path to operational excellence. Success in this dynamic sector necessitates a profound understanding of market dynamics, an unwavering commitment to regulatory compliance, and a proactive embrace of technological innovations. By navigating the challenges and implementing the recommended strategies, brokers can withstand market volatility and excel in an ever-evolving financial landscape.

Anti Money Laundering Professional in Securities Market

Posted on September 18, 2023August 7, 2025 by nism_admin

Author: Denny B Justin

What if a giant exposure of financial crime, corruption, and wrongdoing happened in today’s world? Have you heard of the Panama Papers leak? According to the United Nations, the estimated amount of money laundered globally in one year is 2 to 5 percent of global GDP or $800 billion to $2 trillion. This is the heart of broking operations management in the securities market, where fortunes are made and lost in the blink of an eye. In 2016, the world was shocked at the Panama Papers leak, a massive data of more than 11.5 million financial and legal records exposed the vast network of offshore shell companies and revealed how individuals, corporations, and public figures across the globe were using these entities to hide wealth, evade taxes, and potentially engage in money laundering activities. This incident shows the importance of Anti Money Laundering Professionals in the securities market.

So, what is AML? What are the responsibilities of an AML Professional?

Anti Money Laundering (AML) refers to a set of legal and regulatory measures, policies, and procedures implemented by financial institutions to detect and prevent the illegal process of concealing the origins of illegally obtained money. Anti Money Laundering detects illegal activities related to money laundering and the financing of terrorism. Money laundering typically involves disguising the source of unlawful funds, making them appear to come from legitimate sources. The AML professional is a master of financial detective work, constantly scanning the vast landscape of securities transactions for any sign of irregularity. The primary responsibility of an AML professional is to evaluate the potential risks associated with clients, products, and geographic locations to identify vulnerabilities within organizations. AML professionals perform thorough consumer due diligence on clients to verify their identities and assess the risk they pose. They monitor systems to track transactions, identify unusual patterns that may indicate money laundering, and investigate any suspicious activity. AML professionals ensure that firms comply with local and international laws and regulations.

Now, we understand the importance of AML professionals and their responsibilities. You must be wondering how an individual can become the safeguard of the securities market. There are various certification courses available for AML professionals in India and abroad. For example, the National Institute of Securities Markets (NISM) offers a certification course on AML- Certified Anti-Money Laundering Manager (CALM). Such certified courses will help one to build a career in AML.

Money laundering seriously threatens the nation’s security market and economic situation. AML professionals are indispensable in ensuring that the security market is not used for money laundering. They help their organizations comply with the AML requirements and manage the AML risks efficiently. AML professional who protects the security markets are the gatekeepers who ensure that the securities market remains a safe place for investment by developing and implementing effective policies, procedures, and controls that detect and prevent money laundering activities within the securities industry. National and International authorities have enacted various laws and regulations to prevent money laundering in the security market. For example, in India, the Prevention of Money Laundering Act (PMLA), 2002, along with the rules and regulations prescribed by the Securities and Exchange Board of India (SEBI), sets out the anti-money laundering (AML) framework for the securities market intermediaries such as brokers, depository participants, portfolio managers, mutual funds, etc.

In a world where financial criminals are becoming increasingly sophisticated, AML professionals are the gatekeepers who play a pivotal role in safeguarding the industry from the criminal activities of money launderers and financial criminals. They also enhance the security market’s integrity, transparency, and reputation. AML professionals must have the skills, knowledge, and experience to perform their functions effectively. They can acquire or enhance these skills and knowledge by pursuing certification courses on AML. The incident of the Panama Papers serves as a reminder of the need for their vigilance and expertise in safeguarding the global financial system.

Unlocking Career Opportunities in India’s Thriving Securities Markets

Posted on September 18, 2023September 18, 2023 by nism_admin

Author: Rajalakshmi R S

India’s securities markets have emerged as a dynamic hub, offering plenty of career opportunities for individuals with a passion for finance, a knack for analysis, and an appetite for success. This phenomenon is especially evident in the post-COVID era due to the economic position of our country as well as interest from new retail as well as institutional investors.

These markets consist of not just stock exchanges, mutual funds, brokerage firms, but also underwriters, commercial Banks etc, and are at the forefront of the country’s economic growth story. Here are 05 careers you can opt for in Securities Markets in this new era of securities markets:

1. Securities Market Data Scientist:
A data scientist who takes up data analytics, statistical analysis, machine learning, and data visualization techniques to extract valuable insights and inform investment decisions within the securities market.

2. Wealth Manager:
Wealth manager primarily does the risk analysis, financial planning, and investment management, especially of high-net-worth individuals (HNWIs).

3. Exchange Operator:
Exchange Operators can be individuals or an entity involved in operating and managing financial exchanges, including stock exchanges and commodity exchanges.

4. Financial Educator:
Financial Educators help in providing financial education across the country Financial Workshops and Seminars, Counselling, and Outreach

5. Financial Journalist/Reporter:
These Journalists report and analyse financial news, trends, and developments for various media outlets, including newspapers, magazines, television, radio, and online publications to inform the public, investors, and businesses about the latest developments.

Interested in Securities Markets related programs? Click here

Integration of NPS SoT in CAS

Posted on September 15, 2023September 18, 2023 by nism_admin

Author: Kiranjit Kaur

The Pension Fund Regulatory Development Authority (PFRDA) through its circular PFRDA/2023/26/Sup-CRA/07 dated August 10, 2023 has introduced a simplified and secured way to keep the NPS subscribers informed about their NPS Investments. Earlier the investors were reliant only on the periodic NPS Statement of Transaction (SoT) or could view the same online in the CRA login. Now, in line with the government’s vision to create a comprehensive record of every individual’s financial assets, a facility to integrate the NPS SoT with the Consolidated Account Statement (CAS) is provided.
The CAS is issued by the SEBI registered depositories viz., National Securities Depository Limited (NSDL) and Central Depository Services Ltd (CDSL). It includes Demat Account holdings and Mutual Fund holdings of the investors.

The salient features of the integrated NPS SoT in CAS are as follows:
a. Consent Basis:
The NPS Subscribers need to give their consent for the inclusion of NPS SoT on the particular website of the Central Record Keeping Agencies (CRAs). The CRAs registered under NPS are Computer Age Management Services Ltd., KFin Technologies Limited and Protean eGov Technologies Ltd.

b. Nominal Charges:
A fee of Re 1/- will be charged for each physical statement requests, while 10 paise will be applicable for each email statement.

Benefits of incorporating NPS SoT in CAS:
a. One statement for different investments: There will be no need to maintain separate statements for different investments because the CAS summarizes the details into one comprehensive statement.
b. Easy to manage: The CAS reduces paperwork and provides a consolidated view of all investments at one place, making it easier to manage and track them.
c. Ensures Safety: With the monthly updates, the Subscribers can stay alert and prompt in identifying any unauthorized transactions. In case of fraudulent activities, the Subscribers can inform the associated intermediary at the earliest for required action.
d. Make informed decisions: The subscribers/investors can also easily monitor the performance of their investments, stay up to date with any changes, and make informed decisions accordingly.

Approximately 50000 NPS subscribers have opted for this facility so far. You may opt too with the following steps:
• For Protean CRA: https://www.npscra.nsdl.co.in

• For KFin CRA: https://nps.kfintech.com

• For CAMS CRA: https://www.camsnps.com/
1.Log in to CAMS NPS Account, and navigate to the “statements” tab.
2.In the Statement section, select the “CAS” option.
3.Provide consent for sharing NPS details with the depository and “submit”.

SEBI’s Cybersecurity Guidelines for MIIs: Safeguarding the Future of Indian Securities Market

Posted on September 14, 2023September 15, 2023 by nism_admin

Author: Sandeep K Biswal

In this blog, we’re exploring the topic of cybersecurity and its importance for Market Infrastructure Institutions (MIIs) in the Securities Market, thanks to SEBI’s latest guidelines.

The securities market is a hub of financial activity, and it’s no secret that this makes it a prime target for cyber-attacks. From stock exchanges to clearing corporations, MIIs play a vital role in keeping this financial ecosystem ticking. With SEBI’s guidelines, they need to have a robust cyber security framework for the smooth and uninterrupted functioning of the securities market.

So, what exactly do these guidelines cover?

Well, they cover a range of cyber-related aspects, from risk management to governance, incident reporting, and even setting up a robust cybersecurity framework. Broadly, the MIIs are required to:
● Identify and Assess Risks: Just like we lock our doors at night, MIIs need to identify potential threats and vulnerabilities in their systems.
● Establish Governance Frameworks: Think of this as having a captain steering the ship. MIIs need clear policies and procedures for managing cybersecurity risks.
● Incident Reporting: When something goes wrong, it’s crucial to report it ASAP. This helps in dealing with the issue swiftly and effectively.
● Security Awareness Programs: Educating staff and stakeholders about cybersecurity is like teaching them self-defence. It’s a must!
● Cyber Resilience Testing: Imagine running a fire drill at your workplace. Similarly, MIIs must simulate cyber incidents to prepare for the real scenarios.

Conclusion
To comply with the SEBI guidelines, MIIs must re-skill their existing workforce or employ new cybersecurity and cyber resilience professionals. If you have a passion for cybersecurity and want to take your knowledge to the next level, check out the NISM eLearning course Certificate in Cyber Security Foundation. It’s your chance to become a cybersecurity professional and contribute to the safety of your organization.