NISM/Certification/Series-I: CD/2011/01 dated December 20, 2011

National Institute of Securities MarketsCommuniqué/Press ReleaseNISM-Series-I: Currency Derivatives Certification ExaminationNISM/Certification/Series-I: CD/2011/01 dated December 20, 2011

This is with reference to ‘NISM/Certification/Series-I: CD/2009/1 dated May 11, 2009,’ specifying that passing the NISM-Series-I: Currency Derivatives Certification Examination, is the requisite standard for the approved users and sales personnel of trading members of currency derivatives segments of recognised stock exchanges.

The examination is being offered to the candidates since May 15, 2009. In order to incorporate the market changes and suggestions received from various stakeholders, NISM had initiated the process of updating the NISM-Series-I: CD Examination. In this context, NISM will be launching the updated NISM-Series-I: CD Examination with effect from February 21, 2012.

The NISM-Series-I: CD Examination in its current format (as per the old syllabus/ workbook) will be available to the candidates till February 20, 2012 and will be replaced by the updated examination (as per the new syllabus/workbook) from February 21, 2012. Effective February 21, 2012, the old examination ceases to exist and only the new examination will be available to the candidates.

Effective February 21, 2012, the examination structure for the updated NISM-Series-I: CD Examination (as per new syllabus) is revised and will be as follows:

The examination will be of 100 marks, consisting of 100 questions of 1 mark each which needs to be completed in 2 hours time. A negative marking of 25% is applicable to each wrong answer and the passing score is 60%.

Details of the new examination, including the new test objectives and new workbook, can be downloaded from the websites of NISM, NSE, BSE and MCX-SX.

Details of the updated NISM-Series-I: Currency Derivatives Certification Examination are given in Annexure-I and Annexure-II of this communiqué/press release.

The text of these Annexures and the registration details are available at www.nism.ac.in.-sd-M. L. SonejiRegistrar & Officiating DirectorNational Institute of Securities Markets

Copy to:

1. CGM, MIRSD-2, SEBI
2. CEO (Currency Segment), MCX-SX
3. MD & CEO, NSE
4. CRO, USE
5. MD & CEO, BSE
6. CEO, FEDAI

Enclosures: Annexure I and II

For Annexure I – Syllabus Outline  Click Here

For Annexure II – Test Objectives Click Here