nism.ac.in - Accreditation Process

Accreditation Process

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WarrantProcess [^] Menu Circulars Library Press Releases MoU Archives Gallery Contact Us MenuWell-nighNISMWell-nighSEBIWell-nighNCFE Tenders Recruitment News Menu Home Certifications NISM CertificationStandingProfessional Education eCPE Joint Certification Accredited CertificationsWarrantProcess List of Accredited Certification Examinations for InvestmentTutorsAcademics Full-time Programmes Post Graduate Diploma in Management (Securities Markets)(PGDM(SM)) Post Graduate Programme in Securities Markets (PGPSM) Post Graduate Diploma in Quantitative Finance (PGDQF) Part-time Programmes Post Graduate Diploma in Data Science (PGDDS)Documentin Treasury Management (CTM)Documentin Securities Laws (CSL) Post Graduate Diploma in Financial Engineering and Risk Management (PGDFERM) Summer School 2018 Joint Programmes Post GraduateDocumentin Securities Markets (PGCSM) NISM-IMERT Certified InvestmentTipster(NICIA) NISM-VES InvestmentTipsterProgram NISM IMERT CertificateUndertowin Securities Markets (NICSM) NISM CertificationUndertowin Securities Markets (NCCSM) NISM CertifiedUndertowin Securities Markets (NCCSM-Pune) Alumni Placements PGDM(SM) Placement PGPSM Placement PGDQF Placement Corporate Solutions Financial Education Regulatory Studies Corporate Governance ResearchWarrantof Certifications for Investment Advisors Functions of NISM National Institute of Securities Markets (NISM) performs two functions delegated to it under the SEBI (Certification of Associated Persons in the Securities Markets) Regulations, 2007. These are: Offering mandatory certification examinations for securities market intermediaries OfferingStandingProfessional Education (CPE) programs for market intermediaries who are holding certificates. SEBI (Investment Advisers) Regulations, 2013 SEBI has notified the SEBI (Investment Advisers) Regulations, 2013 on January 21, 2013. As per the Regulation, an individual registered as investment counselor shall have a certification from NISM or any other organization or institution provided that such certification is accredited by NISM. The pursuit is the pericope of the SEBI (Investment Advisers) Regulations, 2013 pertaining to Qualification and Certification Requirement: Qualification and Certification Requirement 7. (1) An individual registered as an investment tipster under these regulations and partners and representatives of an investment tipster registered under these regulations offering investment translating shall have the pursuit minimum qualifications, at all times: (a) A professional qualification or post-graduate stratum or post graduate diploma in finance, accountancy, merchantry management, commerce, economics, wanted market, banking, insurance or actuarial science from a university or an institution recognized by the inside government or any state government or a recognised foreign university or institution or association; or (b) A graduate in any willpower with an wits of at least five years in activities relating to translating in financial products or securities or fund or windfall or portfolio management. (2) An individual registered as an investment tipster and partners and representatives of investment tutors registered under these regulations offering investment translating shall have, at all times, a certification on financial planning or fund or windfall or portfolio management or investment newsy services: (a) from NISM; or (b) from any other organization or institution including Financial Planning Standards Board India or any recognized stock mart in India provided that such certification is accredited by NISM.: Provided that the existing investment tutors seeking registration under these regulations shall ensure that their partners and representatives obtain such certification within two years from the stage of prelude of these regulations: Provided remoter that fresh certification must be obtained surpassing expiry of the validity of the existing certification to ensure continuity in compliance with certification requirements.Warrantof Certifications NISM shall relegate certification examinations as per established criteria and standards. NISM will relegate specific certification examination(s) for which using is submitted. It should be noted that NISM will not relegate the applicant’s organization.ViewingObjectives, Training content and courseware etc for each unromantic certification viewing will be evaluated versus viewing content criteria as may be specified by NISM from time to time.  Generally, the content of the certification examinations must at least imbricate all the topics which have been covered in NISM-Series-X-A: InvestmentTipster(Level 1) CertificationViewingand NISM-Series-X-B: InvestmentTipster(Level 2) Certification Examination. Click here to download the Test Objectives. The detailed criteria for warrant of certification examinations have been provided in Annexure I.Warrantshall be granted for a maximum period of one year initially. Thereafter,Warrantmay be remoter renewed for a period of 2 years, subject to fulfillment of NISM requirements. NISM will monitor the quality of accredited certification examinations and will have the discretion to terminate the accreditation, if required. Termination may be attributed to poor quality of content, lack of periodic updates or repeated complaints from candidates or any other reasons, as may be decided by NISM from time to time. Further, the number of accredited certification examinations may moreover depend on demand for such certifications from the market participants, with a focus on NISM’s objective of creating a uniform standard minimum knowledge benchmark wideness the industry.WarrantCriteria In order to evaluate the using for warrant of the particular certification viewing for which using has been submitted, the certification viewing should have been misogynist to the candidates for a period of at least 3 years. Click here to download the using form. Click here to download Terms & Conditions TheWarrantCommittee shall consider the pursuit criteria for accrediting certification examinations: Section Criteria Weights  A Background of the Organization 50% B Policies and Processes followed for the CertificationViewing50%          Usingfor warrant of certification viewing should score at least 80% marks in each of the section to be eligible for accreditation. For detailed criteria, please refer Annexure I.WarrantProcess Steps in the warrant process: Step 1: Interested organizations submit the using form withal with non-refundable using fee for a specific certification viewing with all supporting documents; Step 2: NISM  evaluates the using and may seek spare information if needed; Step 3: NISM evaluation presented to theWarrantCommittee; Step 4:WarrantCommittee may meet and interact with representatives of shortlisted applicants , if required; Step 5:WarrantCommittee makes recommendations to NISM without scrutiny based on which NISM takes the final decision. Step 6: NISM communicates the visualization to the applicant; Step 7: In specimen ‘conditional’ warrant is granted, NISM may suggest changes to the undertow curriculum, legalistic capacity, etc, where required prior to accreditation. The write-in must incorporate the required changes, inform and obtain clearance from NISM prior to accreditation. Fees On the understructure of the likely expenditure associated with the process of accreditation, the write-in organization has to submit a non-refundable using fee of Rs. 1,00,000 per application. Subsequently, on grant of accreditation, the write-in organization should payWarrantFees of Rs. 1,00,000/- per certification accreditation, within 7 timetable days of liaison ofaccreditation using status.Warrantshall be granted for an initial period of 1 year and thereafter it may be remoter renewed for a period of 2 years subject to fulfillment of NISM requirements. Renewal Fees for warrant shall be Rs. 2,00,000/- per accreditation. For maintaining the database of certified professionals on NISM’s Skills Registry, a fee of Rs. 500/- per candidate per document shall be charged by NISM. This is subject to periodic revision by NISM. The certifying institution shall provide this fee in zillion withal with the data of the certified candidates as required by NISM. Maintenance of Database for Certified Individuals Upon completion of the process of warrant of a certification examination, NISM shall seek details of candidates who have passed the accredited certification viewing from the certifying institution. Such details may be provided on a standing understructure at a periodicity that shall be decided by NISM in NISM prescribed formats. The information will include details of the candidates and validity of the certificates. The details of the candidates who have been certified by the virtue of their holding the accredited document may moreover be made misogynist on NISM Skills Registry. NISM’s Skills Registry database maintains the details of all the certified candidates and makes it misogynist to the unstipulated public for checking the veracity of the certificates held by the candidates. Inspection/Audit To ensure the quality of accredited certification examinations, NISM may self-mastery inspections from time to time and may moreover inspect the processes and procedures followed to self-mastery accredited certification examinations.  Note: The transaction proof for having requisite fund credited to NISM Account as specified whilom must be submitted as a supporting document at the time of submitting the application.UnstipulatedInstructions for Submission of Applications To download the using form, please click here. Physical reprinting of the using should be signed by competent validity and should be well-constructed in all respects. The same should be submitted withal with supporting documents and proof of transaction as whilom should be  to the pursuit address: Ms. Rasmeet Kohli, National Institute of Securities Markets, Plot No 82, Sector 17, 6th Floor, NISM Bhawan, Vashi, Navi Mumbai - 400 703 AnySpareinformation can be provided by attaching annexure to the using form.Usingforms not submitted in the prescribed format will be rejected. The using form should be completed in CAPITAL LETTERS and in ENGLISH only. Applicants must ensure that all the entries have been correctly filled in. Applicants should satisfy themselves well-nigh their eligibility surpassing applying. Canvassing in any form will be a disqualification. In all matters including eligibility, warrant process, towage and liaison of result, the visualization of NISM shall be final and tightness on the applicants and no correspondence shall be entertained in this regard.Liaisonin respect of warrant of CPE Providers mentioned in this telecast will be sent only to applicants who would be accredited. Duly filled using form withal with supporting documents as whilom should be sent to NISM. Please note that it is mandatory to provide information for all fields as specified in the criteria. The information provided will be used for the purpose of evaluation of the application. For any query, contact: Ms. Rasmeet Kohli(mailto:This email write is stuff protected from spambots. You need JavaScript enabled to view it.) - (022) 66735207 Annexure I: Selection Criteria and Weights Section  Head Weight  A Background of the Organization 50% 1 Aim/Objective of your business/organization   2 Organizational Structure   3 Promoters and Management of the Organization   4 Affiliation to any recognized association/industry soul   5 Number of Certification Examinations ripened and administered for the securities markets   6 Financial Strength of the organization         B Policies and Processes followed for the CertificationViewing50% 1 Reputation/Acceptance of the undertow to be accredited   2 Clear and Well-defined Job Description   3MinutiaeProcess ofUndertowoutline, Curriculum and Workbook   4 Involvement of the Industry in the minutiae of the CertificationViewing  5 Established Certification Policies and Revalidation mechanism misogynist   6 Team for ContentMinutiaeand maintenance of viewing to be accredited – Fully employed/contractual employed     7 Number of persons appeared and passed for the particular certification unromantic for warrant   8 System for Maintaining Records of Certified Individuals   9 Interface with the participants for the registration, cancellation, postponement, redressal  of grievances, feedback mechanism   10 Administration Policies, Processes and Quality checks     NISM EventsMenu Show Interest Quick LinksMenu NISM-Moody's AnalyticsDocumentin Derivatives Market Strategies (CDMS) NISM-Moody's AnalyticsDocumentin Fixed Income Trading and Sales (CFITS) NISM Certification Portal Upcoming CPE Programs NISM Skills Registry Partner with NISM Visit NISM  Copyright © 2018 National Institute of Securities Markets. 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