History[edit]

NISM was established by the Securities and Exchange Board of India (SEBI) 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.

Structure[edit]
NISM consists of six different schools. These are as follows: [1]

School for Investor Education and Financial Literacy (SIEFL)[edit]

SIEFL is aimed at working on various initiatives on Financial Literacy. There are three programmes
in NISM that address financial education.

Financial education in schools: NISM program to introduce financial literacy in schools.

A dedicated website for Investor Education NCFEIndia.org[2]

Investor workshops in the face-to-face format. Workshops that are conducted in various
towns and cities.

School for Certification of Intermediaries (SCI)[edit]

The School for Certification of Intermediaries (SCI) at NISM is engaged in developing certification
examinations for professionals employed in various segments of the Indiansecurities markets. These
examinations are being developed by NISM as mandated under SEBI (Certification of Associated
Persons in the Securities Markets) Regulation, 2007.
NISM examinations:

NISM Series-I: Currency Derivatives Certification Examination (NISM-Series-I: CD

Examination)

NISM Series-II-A: Registrars and Transfer Agents (Corporate) Certification Examination

(NISM-Series-II-A: RTA (Corp) Examination)

NISM Series-II-B: Registrars and Transfer Agents (Mutual Fund) Certification Examination
(NISM-Series-II-B: RTA (MF) Examination)

NISM Series-IV: Interest Rate Derivatives Certification Examination (NISM Series-IV: IRD
Examination)

NISM Series-V-A: Mutual Funds Distributors Certification Examination (NISM Series-V-A:

MFD Examination)

NISM Series-VI: Depository Operations Certification Examination (NISM Series-VI: DOCE)

NISM Series-VII: Securities Operations and Risk Management Certification Examination

(NISM Series-VII: SORM Examination)

NISM-Series-VIII: Equity Derivatives Certification Examination (NISM-Series-VIII: ED

Examination)

Other Certifications:

Certified Personal Financial Advisor (CPFA) Examination (CPFA exam was discontinued in
SEP 2013),

New exam has been launched as NISM-Series-X-A: Investment Adviser (Level 1)

Certification Examination

School for Securities Information and Research (SSIR)[edit]

SSIR undertakes several initiatives that seek to support research in securities markets.
The Network for Securities Markets Data (NSMD), a project undertaken by the SSIR, will act as a
single point access to Indian securities markets related data and will boost the research and analysis
activities on Indian securities markets.

School for Regulatory Studies and Supervision (SRSS)[edit]

SRSS organizes executive education for officers of SEBI, stock exchanges, government officers,
depositories, capital markets division of the ministry and participants of capital markets from other
jurisdictions including SAARC nations and IOSCO nations.
SRSS also initiated training programmes for Internal Auditors of Stock Brokers. SRSS organizes
round table for mutual fund trustees.
The school has also undertaken a project "Securities Market Simulator" which simulates the working
of securities markets to facilitate training and research activities on Indian markets.

School for Corporate Governance (SCG)[edit]

SCG conducts workshops and round table conferences in matters pertaining to Corporate
Governance and initiatives for capacity building in the corporate governance space.

School for Securities Education (SSE)[edit]

Within the framework of the vision and mission of NISM, the role of SSE is to provide education
preparing competent professionals who will serve the securities markets.

See also[edit]

Securities and Exchange Board of India

Reserve Bank of India

References[edit]
1.

Jump up^ http://nism.ac.in/index.php?option=com_content&view=article&id=46&Itemid=34

2.

Jump up^ http://www.ncfeindia.org/

External links[edit]

NISM Official website

NISM Mock Tests

NISM Certifications