The Securities and Exchange Board of India reported that the International Financial Services Centres Authority (IFSCA) and the National Institute of Securities Markets (NISM) signed a memorandum of understanding to advance financial-sector capacity building, with NISM designated as a training partner for IFSCA and intermediaries registered with IFSCA. The arrangement also covers NISM conducting relevant certification examinations, including exams mandated under IFSCA regulations for IFSCA-registered intermediaries. The MoU covers skill development, professional training and certification programmes aimed at professional standards within the IFSCA ecosystem. NISM is a public trust established by the Securities and Exchange Board of India to support capacity building across the securities market, and the MoU signing took place in the presence of SEBI Chairman Tuhin Kanta Pandey and IFSCA Chairman Kalyanaraman Rajaraman.
Securities & Exchange Board of India 2025-05-02
Securities and Exchange Board of India reports IFSCA and NISM MoU to expand training and certification for IFSCA-registered intermediaries
The Securities and Exchange Board of India announced a memorandum of understanding between the International Financial Services Centres Authority and the National Institute of Securities Markets to enhance financial-sector capacity building. NISM will serve as a training partner for IFSCA and conduct certification exams for intermediaries registered with IFSCA. The MoU aims to elevate professional standards within the IFSCA ecosystem through skill development and training.