About Commodity Derivatives CPE/eCPE

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:

1. Offering mandatory Certification Examinations for Associated Persons in the Securities Market Intermediaries

2. Offering Continuing Professional Education (CPE) Programs for Associated Persons in the Securities Market Intermediaries

NISM Series XVI: Commodity Derivatives CPE

In exercise of the powers conferred by Sub-regulation (1) of Regulation (9) of the SEBI (Certification of Associated Persons in the Securities Markets) Regulations 2007, NISM specifies the CPE Program for ‘NISM-Series-XVI: Commodity Derivatives Certification Examination’, for revalidation of the certificate. Accordingly, any person holding any of the following Certificates:

(Refer NISM/Certification/Series-XVI: Commodity Derivatives/2019/01 dated October 11, 2019)

Accordingly, an Associated Person (approved users and sales personnel of the trading members registered as such in the commodity derivatives segment of a recognized stock exchange holding any of the following Certificates:

(a) NISM Series XVI: Commodity Derivatives Certification Examination (After October 11, 2019)

(b) NISM Series XVI: Commodity Derivatives Continuing Professional Education (After October 11, 2019)

(c) MCCP Certifications (MCX Commodity Professional) (Before October 11, 2019)

(d) NCDEX Institute of Commodity Markets and Research (NICR) – Commodity Trader Certification Course (Before October 11, 2019)

(e) NSE’s Certification in Financial Markets (NCFM) – Commodity Market Module (Before October 11, 2019)

and the validity of which has not expired can re-validate his/her Certificate for a period of three years from its date of expiry, by successfully completing NISM Series XVI: Commodity Derivatives Continuing Professional Education Program as specified by NISM during 12 months preceding the date of expiry of the Certificate.

Note: Associated Person not belonging to either the Principal or the Grandfather Category, whose Certificate has expired, will have to pass the NISM-Series-XVI: Commodity Derivatives Certification Examination to obtain a new Certificate.

Also, Associated Person belonging to the Principal* or the Grandfather** Category can obtain a Certificate for the first time by successfully completing NISM Series XVI: Commodity Derivatives Continuing Professional Education Program as specified by NISM.

Design and Delivery of the CPE Program –

• The CPE Programs shall be delivered in a class-room format.
• NISM has Accredited CPE Providers for the delivery of the NISM CPE Programs.
• All NISM CPE Programs are of one-day duration (approximately six hours).
• A test shall be conducted at the end of the Program.
• After verifying that Candidates have successfully completed the CPE 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.
• Note: The content and duration of the CPE Programs shall be specified from time to time, by NISM for each CPE Program specific to each Certification Examination.

Click here to know about the Design and Delivery of the eCPE Program.

Validity of the Certificate

The Validity of the Certificate obtained by attending a Continuing Professional Education Program is for a period of three years from the date of expiry of any of the above mentioned Certificates.