National Institute of Securities Markets

National Institute of Securities Markets (NISM) is an Indian public trust and an educational institute established in 2006 by the Securities and Exchange Board of India (SEBI). The institute offers academic programmes, training programmes, capacity building and skill development programmes in securities markets. The institute also provides financial education and standards to improve financial literacy in the country. The institute is located in Vashi, Navi Mumbai, India. It is an autonomous body governed by a Board of Governors. U K Sinha is the current chairman and Sandip Ghose is the current Director of NISM. The institute is divided into six schools that address the different participants of the Indian financial market.

In the Budget Speech of February 2006, P Chidambaram, the erstwhile Union Finance 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.

NISM consists of six different schools. These are as follows:

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

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

NISM examinations:

Other Certifications:

SSIR undertakes several initiatives that seek to support research in securities markets.

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