NISM-Series-IX: Merchant Banking Certification Examination NISM/Certification/MB CPE/2015/1 dated July 6, 2015

Further to our press release NISM/Certification/CPE General/2011/1 dated December 21, 2011, NISM/Certification/ CPE General/2011/2 dated January 23, 2012 and NISM/Certification/ CPE General/2013/2 dated June 1, 2013, and in exercise of the powers conferred by sub-regulation (1) of Regulation (9) of SEBI (Certification of Associated Persons in Securities Markets) Regulations, 2007, pursuant to Continuing Professional Education (CPE) requirements for 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;NISM now specifies the CPE Program for “NISM-Series-IX: Merchant Banking Certification Examination”

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. These are:

1. Offering mandatory certification examinations for associated persons of securities market intermediaries.

2. Offering Continuing Professional Education (CPE) programmes for associated persons of market intermediaries who are holding valid certificates.

CPE Requirements

The CPE structure has been specified vide communiqué NISM/Certification/CPE General/2011/1 dated December 21, 2011 and NISM/Certification/ CPE General/2013/2 dated June 1, 2013.

Accordingly, on or before expiry of the validity of the certificate possessed by an associated person, the associated person needs to either successfully complete the programme of continuing professional education specified by NISM during 12 months preceding the date of expiry of the certificate, or pass the relevant NISM Certification Examination before the expiry of the existing certificate, so as to have the certificate revalidated for a further period of three years.

To obtain a certificate for the first time, associated persons, who are Principals and Grandfathered Persons, will have the following options:

• Passing the relevant certificate examination, as specified by NISM.
• Successfully completing a related one day CPE Program, as specified by NISM.

The fees for the program is Rs. 2500/- (Rupees Two Thousand Five Hundred Only). The certificate will be revalidated for a period of 3 years from the date of expiry of the existing certificate.

Launch Date

The CPE Programme will be made available from July 6, 2015 by NISM and its Accredited CPE Providers.

The Programme details are available at www.nism.ac.in

G. P. Garg
Registrar
National Institute of Securities Markets

Copy to:
Executive Director, MIRSD, SEBI