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Eligibility for the Program

Question 1.When am I eligible for NISM-Series-IX: Merchant Banking CPE Program?

There are three categories of Candidature which are as follow:

A)General Category

If you hold any of the following Certificates:

(a) NISM-Series-IX: Merchant Banking Certification Examination (after August 02, 2013)

(b) NISM-Series-IX: Merchant Banking Continuing Professional Education

and the validity of which has not expired, you are eligible to attend NISM-Series-IX: Merchant Banking CPE Program under the ‘General’ Category. However, you cannot attend a CPE Program twelve months prior to the date of expiry of such Certificate (i.e.,) you can attend a CPE Program only in the final year of your Certificate validity period. On successful completion of the CPE Program, the Certificate held shall be revalidated for a period of three years from its date of expiry.

B) Principal Category

If you are actively engaged in the management of an Intermediary’s securities business including supervision, solicitation, conduct of business (i.e.,) if you are a Proprietor / Sole Proprietor / Partner / Managing Partner / Chairman / Director / Executive Director / Whole Time Director / Chief Executive Officer of an Intermediary, you are eligible to attend NISM-Series-IX: Merchant Banking CPE Program under the ‘Principal’ Category. On successful completion of the CPE Program, the Certificate issued shall be valid for a period of three years from the date of the Program.

C) Grandfather by Age Category

If you have completed 50 years of age as on August 02, 2013, you are eligible to attend NISM-Series-IX: Merchant Banking CPE Program under the ‘Grandfather by Age Category”. On successful completion of the CPE Program, the Certificate issued shall be valid for a period of three years from the date of the Program.

D) Grandfather by Experience Category

Associated persons designated as Key Management Personnel, who,-

(a) perform SEBI regulated activities such as initial public offer, further public offer, Open Offer, Buy-back, Delisting;

(b) deal with the issuers in connection with activities mentioned in (a) above;

(c) deal with intermediaries associated with activities mentioned in (a) above;

(d) act as designated Compliance Officer dealing with the activities mentioned in (a) above;

(e) submit Due Diligence Certificates to SEBI in connection with the activities mentioned in (a) above;

and as mentioned in the SEBI Notification No. LAD-NRO/GN/2013-14/15/6319 – dated August 2, 2013 for 10 years or more, as on August 02. 2013, you are eligible to attend NISM-Series-IX: Merchant Banking CPE Program under the ‘Grandfather’ Category. The Certificate issued will be valid for a period of three years from the date of the CPE Program.

 

Registration for the Program

Question 1. How can I register with NISM?

The registration is a “one time” activity. One has to first register with NISM before enrolling for a CPE Program.

To register with NISM, one needs to fill in the prescribed Online Registration Form available on the link https://certifications.nism.ac.in/nismaol/Candidate/UserRegistration.aspx

For further information or assistance required during Online Registration process, you may call on helpdesk +91-8080806476.

Please keep the following information handy while making calls for registration:

1. Name and Address

2. Permanent Account Number (PAN)

3. Phone Number

4. Email id

Question 2. What has to be done after online registration?

After completing registration, the candidate has to go through enrolment process by visiting on following link https://certifications.nism.ac.in/nismaol/

Following are the steps to make enrolment:

1. Candidate can login into the NISM Portal by filling in the credentials i.e. registered e-mail id and password.

2. After logging in, under“Enrolment” tab (provided on the left hand side of the screen), select “Enrolment for CPE/e-CPE”.

3. The system prompts candidate to select CPE Program module, type of category of candidature, uploading of necessary documents depending upon the type of candidature, CPE Program date & location.

4. The last step of enrolment process is the “Payment process”. The candidate can make online payment through payment gateway.

5. After payment is processed, candidate will get his/her admit card.

Question 3. When should I enroll for a CPE Program?

Since there are limited seats for every CPE Program, you are advised to avail the opportunity of enrolling early so as to secure a seat. We suggest that you enrol for a program at least six months prior to the expiry of your Certificate in order to ensure that you get a seat in your preferred location. Requests for enrolment received closer to the expiry of the Certificate may not be successful.

Question 4. What if the CPE Program date and/or venue do/does not suit me?

As there is a window of twelve months available, you may wish to wait for another CPE Program to be announced within such time and at a location of your choice(s). However, since it is a regulatory requirement, it will be in your interest to comply with it as early as possible. While NISM makes best endeavors to offer the convenient venue and preferred dates, it may not always be feasible to conduct frequent CPE Programs in a particular area unless there is significant demand for the same.

Principal Category

Question 1. I am the Proprietor / Sole Proprietor Partner / Managing Partner / Chairman / Director / Executive Director / Whole Time Director / Chief Executive Officer of a registered Intermediary. Am I eligible to attend NISM-Series-IX: Merchant Banking CPE Program without any of the two Certificates?

If you do not hold any of the Certificates (mentioned earlier) but are a Proprietor / Partner / Managing Partner / Chairman / Director / Executive Director / Whole Time Director / Chief Executive Officer of any registered Intermediary, you are eligible to attend NISM-Series-IX: Merchant Banking CPE Program under the 'Principal' Category.

Question 2. What is the format of 'Proof of Designation' to be produced to attend NISM-Series-IX: Merchant Banking under the 'Principal' Category?

The format of ‘Proof of Designation’ can be obtained from here.

If you are the Proprietor / Sole Proprietor / Partner / Managing Partner / Chairman / Director / Executive Director / Whole Time Director / Chief Executive Officer of a registered Broker / Trading Member / Depository Participant, the ‘Proof of Designation’ has to be obtained on the letterhead of such Broker / Trading Member / Depository Participant and has to be signed by the Compliance Officer only. Also, a copy of the Registration Certificate of the Broker / Trading Member / Depository Participant should be enclosed.

If you are an Authorized Person or are the Proprietor / Sole Proprietor / Partner / Managing Partner / Chairman / Director / Executive Director / Whole Time Director / Chief Executive Officer of any other registered Intermediary, the ‘Proof of Designation’ has to be obtained on the letterhead of the Broker / Trading Member with which the Intermediary is associated with and has to be signed by the Compliance Officer of the Broker / Trading Member. Also, a copy of the Registration Certificate of the Intermediary (of which you are the Proprietor / Sole Proprietor / Partner / Managing Partner / Chairman / Director / Executive Director / Whole Time Director / Chief Executive Officer) should be enclosed.

Grandfather Category

Question 1. I am a senior citizen. Am I eligible to attend NISM-Series-IX: Merchant Banking CPE Program without any of the two Certificates?

If you don not hold any of the Certificates (mentioned earlier) but have completed 50 years of age as on August 02, 2013, you are eligible to attend NISM-Series-IX: Merchant Banking CPE Program under the 'Grandfather by Age' Category.

Question 2. I have been working in the industry for a long time. Am I eligible to attend NISM-Series-IX: Merchant Banking CPE Program without any of the two Certificates?

Associated persons designated as Key Management Personnel, who,-

(a) perform SEBI regulated activities such as initial public offer, further public offer, Open Offer, Buy-back, Delisting;

(b) deal with the issues in connection with activities mentioned in (a) above;

(c) deal with intermediaries associated with activities mentioned in (a) above;

(d) act as designated Compliance Officer dealing with the activities mentioned in (a) above;

(e) submit Due Diligence Certificates to SEBI in connection with the activities mentioned in (a) above;

and as mentioned in the SEBI Notification No. LAD-NRO/GN/2013-14/15/6319 – dated August 2, 2013, for10 years or more, as on August 02, 2013, you are eligible to attend an NISM-Series-IX: Merchant Banking CPE Program under the ‘Grandfather by Experience’ Category.

Question 3. What is the format of ‘Proof of Experience’ to be produced to attend NISM-Series-IX: Merchant Banking CPE Program under the ‘Grandfather by Experience’ Category?

The format of ‘Proof of Experience’ can be obtained from here.

The ‘Proof of Experience’ has to be obtained on the letterhead of a SEBI / Exchange registered Intermediary (in which you are currently working) and has to be signed by the Compliance Officer / Director / Proprietor / Partner / HR Manager of the Intermediary. Also, a copy of the Registration Certificate of the Intermediary should be enclosed.

In case you have worked in multiple Intermediaries, their details (Name and Registration number) have to be provided in the ‘Proof of Experience’

CPE Certificate

Question 1. My Name on the Certificate does not match with the Name on my PAN Card. How do I get it corrected?

NISM issues Certificate based on the name available in NSDL’s repository of PAN Card holders. Any change in Name on the Certificate shall be made only after such change has been reflected in NSDL’s repository. If an error / mismatch still persist, you may mail your Certificate along with your correct name to This email address is being protected from spambots. You need JavaScript enabled to view it.

Question 2. I have lost my Certificate. How can I appear for NISM CPE Program?

If you produce a clear photocopy where the photo on the Certificate can be verified properly, you may be allowed to appear for the CPE Program. If you do not have a good photocopy, please apply with the original issuing authority for issue of Duplicate Certificate. Please note that NISM can issue Duplicate Certificates only if the Certificate was issued by NISM. You may attend the CPE Program only after producing such Certificate.

Question 3. When do I get my CPE Certificate?

After NISM verifies the authenticity of the Documents uploaded, your Certificate will be sent in electronic format only, to the email id provided in the Registration Form. You are expected to receive the Certificate in about 30 working days from the date of the CPE Program. Also, the Certificate will be available on your dashboard and can be downloaded for any number of times until the expiry of the Certificate.

Question 4. How can I track the status of my CPE Certificate?

The status of your Certificate can be tracked by calling NISM Helpdesk at 8080806476 or emailing to This email address is being protected from spambots. You need JavaScript enabled to view it..

Question 5. I have misplaced my Certificate. How do I apply for a Duplicate Certificate?

NISM emailed certificate to candidate’s registered email ID. Candidate is also provided an option to download certificate by login to NISM portal. The download option is made available under ‘My Examination’ menu.

 

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