SEBI issued Guidelines for Investment Advisers to Operate in Stock Markets

SEBI notified guidelines for investment advisers. It made it compulsory to get requisite certifications for them to operate in stock market for them.

Created On: Jun 21, 2013 15:53 IST

SEBI (Securities and Exchange Board of India), the market regulator of India on 20 June 2013 notified guidelines for investment advisers and their associated person and made it compulsory for them to get the requisite certifications for them to operate in stock market.

The notification released by SEBI ordered the investment advisers and their associates which includes representatives and partners offering investment advice to get a certification from the National Institute of Securities Markets (NISM) after passing the relevant examinations.

The notification also mentioned that the associated person, who has received certification by passing the NISM Certified Personal Finance Advisor (CPFA) examination before or on the day of the notification, need not apply for any such certification.

NISM (National Institute of Securities Markets)

National Institute of Securities Markets is a public trust, established by the SEBI, the regulator for securities markets in India. It is located in Navi Mumbai, India.

NISM seeks to add to market quality through educational initiatives. It is an autonomous body governed by its Board of Governors. In pursuance of the announcement made by the Finance Minister in his Budget Speech in February 2005, SEBI established the NISM in Mumbai.

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