National Apex Body
The National Institute of Securities Markets (NISM) is a public trust established in 2006 by the Securities and Exchange Board of India (SEBI) the regulator of the indian securities markets in India. It is under theownership of theSecurities and Exchange Board of India, working ofMinistry of Finance inGovernment of India.
In the Budget Speech of February 2006,P Chidambaram, the erstwhile UnionFinance Minister, proposed to authorize the Securities and Exchange Board of India to set up a National Institute of Securities Markets for teaching and training intermediaries in securities markets and promoting research. Accordingly, NISM was established in 2006. NISM seeks to add to market quality through educational initiatives. It is an autonomous body governed by its Board of Governors. An International Advisory Council provides strategic guidance to NISM.[citation needed]
The activities of NISM are carried out under six schools. These are as follows:[1]
School for Securities Education (SSE)
[edit]The School for Securities Education (SSE) offers theseflagship programs. The programs offered under SSE are
- Post-Graduate Diploma in Securities Markets
- LL.M. in Investment and Securities Laws
- Post Graduate Diploma in Portfolio Management, Investment Advisory and Research Analysis
- Post Graduate Certificate in Data Science in Financial Markets
- Post Graduate Certificate in Securities Markets
NISM Certification Examinations List
[edit]- SEBI Investor Certification Examination
- NISM Series I:Currency Derivatives Certification Examination
- NISM Series IIA: Registrars and Transfer Agents (Corporate) CertificationExamination
- NISM Series IIB: Registrars and Transfer Agents (Mutual Fund) Certification Examination
- NISM Series-III-A: Securities Intermediaries Compliance (Non-Fund) Certification Examination
- NISM Series IV:Interest Rates Derivatives Certification Examination
- NISM SeriesV A: Mutual Fund Distributors Certification Examination
- NISM-SeriesV-B: Mutual Fund Foundation Certification Examination
- NISM SeriesVI: Depository Operations Certification Examination
- NISM SeriesVII: Securities Operations and Risk Management Certification Examination
- NISM-Series-VIII: Equity Derivatives Certification Examination
- NISM Series-IX: Merchant Banking Certification Examination
- NISM-Series-X-A: Investment Adviser (Level 1) Certification Examination
- NISM-Series-X-B: Investment Adviser (Level 2) Certification Examination
- NISM-Series-X-C: Investment Adviser Certification (Renewal) Examination
- NISM Series-XII: Securities Markets Foundation Certification Examination+
- NISM Series-XIII: Common Derivatives Certification Examination
- NISM Series-XV: Research Analyst Certification Examination
- NISM SeriesXV-B: Research Analyst Certification (Renewal) Examination
- NISM-Series-XVI: Commodity Derivatives Certification Examination
- NISM-Series-XVII: Retirement Adviser Certification Examination
- NISM SeriesXIX - A: Alternative Investment Funds (Category I and II) Distributors Certification Examination+
- NISM-Series-XIX-B: Alternative Investment Funds (Category III) Distributors Certification Examination+
- NISM-Series-XIX-C: Alternative Investment Fund Managers Certification Examination
- NISM SeriesXXI-A: Portfolio Management Services (PMS) Distributors Certification Examination
- NISM SeriesXXI-B: Portfolio Managers Certification Examination
- NISM SeriesXXIII: Social Impact Assessors Certification Examination+
- NISM-Series-XXIV: AML and CFT Provisions in Securities Markets Certification Examination+
- IBBI-Valuation Examination in the Asset Class: Land and Building
- IBBI-Valuation Examination in the Asset Class: Plant and Machinery
- IBBI-Valuation Examination in the Asset Class: Securities or Financial Assets
NISM operates theNISM Skills Registry, a centralized database for verifying certified candidates.
- Securities and Exchange Board of India
- Reserve Bank of India