Disclaimer

National Institute of Securities Markets administers Certification examinations and Continuing Professional Education programs as per SEBI (Certification of Associated Persons in Securities Markets) Regulation 2007.

NISM develops / approves content for various modules as per test objectives for the examination / Continuing Professional Education programs. Similarly, NISM also develops examinations for respective modules.

NISM does not provide any training for preparation of examinations, directly or indirectly to participants who desire to appear for NISM examinations.

However, there are organizations / entities that are providing training programs / model test papers, in class room, online or any other format or medium, to participants who desire to appear for NISM examinations.

It is specifically being brought to the notice of all concerned that NISM is not directly or indirectly associated with such training programs or model test papers or any kind of training in any form for helping pass NISM certification examinations. Further, NISM has not authorized any organization / person as authorized training partner / trainer for providing training for passing NISM certification examinations.

No liability Disclaimer

Under no circumstances, shall NISM or its Director, officers, employees be liable for any direct, indirect, incidental, special, punitive or consequential loss or damage, including but not imitated to deactivation of terminal / ARN / EUIN / loss of job / commission / fees etc. that may result from non-issuance/ late issuance or wrong issuance of Certificate.

Limited liability Disclaimer

Subject to the provisions of the Refund, Rescheduling and Change of module policy, in any event if NISM is found to be liable for any loss/damage which arises out of or in connection with the cancellation of examination or CPE programme, NISM’s liability shall in no case exceed the refundable amount of examination fees or CPE/eCPE programme fees as the case may be, in tune with the refund policy.

Renewal of certificate

Timely renewal of certificate is the full and complete responsibility of the candidate. NISM allows certificate renewal option to the candidate as early as 12 months before the expiry date of his/her certificate. Therefore, candidates are advised to timely renew their certificates by ensuring the availability of Exam/CPE/eCPE slots well in advance to avoid last hour rush and inconvenience.