|OTC (Over the Counter)||
A financial transaction that is not made on an organized exchange. Generally the parties must negotiate all the details of each transaction or agree to use simplifying market conventions.
“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 organisations / 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 authorised any organisation / person as authorised training partner / trainer for providing training for passing NISM certification examinations."
Disclaimer for CPE Program / Certification examination registration and enrolment
"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 does not authorise or approve any organisation / person as agent / representative / helping hand for participants towards Registration / Enrolment process for NISM Examination / CPE Program.It is observed that, there are organisations / entities that are offering service to participants in registration / enrolment with NISM and are charging additional fee on top of NISM Examination / CPE fee.It may be noted that NISM does not accept responsibility of any kind for any loss that a participant / candidate may suffer or for any inconvenience that may be caused to him / her while availing the services or information offered by such entities / organisations."