NATIONAL INSTITUTE OF SECURITIES MARKETS An Educational Initiative By SEBIENHANCINGTHE QUALITY OFSECURITIESMARKETSFinancial Professional Governance PolicyLiteracy Education Standards Research
NISM aims to lead,catalyze and delivereducational initiatives to enhancethe quality of securities markets National Institute of NISM’s most important mission is to build Securities Markets capacity among and for the stakeholders in the (NISM) is a public securities markets through financial literacy, trust established by professional education, enhancing governance the Securities and standards and fostering policy research.Exchange Board of India (SEBI), the regulatorfor securities markets in India.NISM seeks to add to market quality througheducational initiatives. It is an autonomousbody governed by a Board of Governors andwith strategic guidance from an internationalAdvisory Council.NISM is established by SEBI,the regulator of IndianSecurities Markets The Securities and development of and regulate the securities Exchange Board of India markets. The National Institute of Securities (SEBI) has a mandate to Markets (NISM) is an educational initiative by protect the interests of SEBI to improve the quality of the securities investors in securities markets through sustained capacity building and to promote the and knowledge dissemination.
The Six Schools of Excellence at NISM School for InvestorSIEFL Education and Financial Literacy School for CertificationSSIR SCI of Intermediaries School for Securi- ties Information and Research School for RegulatorySRSS Studies and Supervision School for CorporateSSE SCG Governance School for Securities Education
NISM is led by a team of experienced professionalswith decades of experience in education, securitiesmarkets, policy development and managementProf. G. Sethu, In-charge of NISM Mr. M. L. Soneji, RegistrarProf. Sethu has 30 years of experience Mr. Soneji has over 22 years of experiencein teaching, research, advisory, and in the securities markets and in managingadministration. He has B.Tech (Honours) from the stock exchanges with expertise in coreIndian Institute of Technology, Kharagpur; functions viz. Trading Operations, Clearing &M. Tech from Indian Institute of Technology, Settlement, Risk Management, Surveillance,Madras and Doctorate in Management with Investigation and Compliance. He has beenfinance specialization from Indian Institute a part of various committees set up by SEBI,of Management, Ahmedabad. He has served responsible for policy and operational aspectsin Indian Administrative Service (IAS) during and a member of the board of organizations1981-1991. like IISL, Calcutta Stock Exchange, NSCCL and ICCL. He holds post graduate qualifications in Commercial Laws and Finance.
Board of Governors• Mr. C.B.Bhave, Chairman, SEBI (Chairman, Board of Governors)• Mr. M.S.Sahoo, Whole Time Member, SEBI• Dr. K.M.Abraham, Whole Time Member, SEBI• Dr. K.R.S.Murthy, Former Director, IIM Bangalore• Dr. K. P. Krishnan, Secretary, Economic Advisory Council to the Prime Minister• Mr. Y.C.Deveshwar, Chairman, ITC Ltd.• Mr. M.B.N.Rao, Former Chairman & Managing Director, Canara bank• Mr. Pratip Kar, Member Advisory Council & Consultant, Global Corporate Governce Forum, International Finance Corporation• Dr. Mohan Gopal, Director, NJA, Bhopal• Mr. Rafiq Dada, Senior Advocate• Shri P. K. Nagpal, ED, SEBI• Prof. G.Sethu (In-Charge, NISM)Academic Council• Prof. G.Sethu, OSD and In-Charge, NISM• Dr. Sanjay Kallapur, Associate Dean, Indian School of Business, Hyderabad• Dr. Ajay Shah, Professor, National Institute of Public Finance and Policy, New Delhi• Prof. R. Vaidyanathan, Professor of Finance, Indian Institute of Management, Bangalore• Dr. Pritam Singh, Professor in Organizational Behaviour, Management Development Institute, GurgaonAdvisory Council• Mr. C B Bhave, Chairman Securities and Exchange Board of India• Mr. Venu Srinivasan, Chairman and Managing Director, TVS Motor Company Ltd.• Dr. Marti G Subrahmanyam, Stern School of Business, New York University• Sir Howard Davies, Director, London School of Economics and Political Sciences• Prof. Andrew Sheng, Former Chairman, Securities Commission, Hong Kong• Mr. Colin Grassie, MD & CEO, Asia Pacific, Deutsche Bank, Hong Kong• Prof. Eisuke Sakakibara, Director, IIES, Waseda University, Japan• Mr. P K Choudhury, Managing Director, ICRA• Mr. Uday Kotak, Managing Director, Kotak Mahindra Bank Ltd• Dr. S Sadagopan, Director, IIIT, Bangalore• Mr. Mohandas Pai, Director, Infosys Technologies Ltd• Mr. Cyrill Shroff, Amarchand & Mangaldas & Suresh A. Shroff & Co.• Prof. G.Sethu, In-Charge, NISM
SCHOOL for INVESTOR EDUCATIONand FINANCIAL LITERACY SIEFLSIEFL aims to enhance the level of fiinancial literacy in India through the following programmes: Investor WorkshopsPocket Money is NISM’s flagship www.InvestorFirst.in aims to SEBI has empanelled financialprogram, supported by SEBI, empower individuals with right literacy resource persons toto increase financial literacy knowledge and tools that will conduct 2-hour financial educationamong school students. We help them make wise investment workshops for individual investorstrain teachers and provide decisions and create long-term on various topics related to personalmaterial to help schools teach wealth. finance and investing. NISM offersthe fundamental concepts of knowledge and training supportmanaging and growing money. This web initiative by NISM is in its to this initiative by conducting beta phase and is open for viewing. train-the-trainer sessions for these We look forward to receiving ideas resource persons empanelled by and suggestions from the various SEBI. stakeholders of the securities markets.For more information please write to firstname.lastname@example.org
SCHOOL for SECURITIESINFORMATION and RESEARCH SSIRSSIR undertakes several initiatives that seek to support research in securities markets.Network for Securities Markets Data: Conference on Securities Markets:The Network for Securities Markets Data (NSMD), SSIR conducted the prestigious Conference ona project undertaken by the SSIR, will act as a single Security Markets in December 2008. Nobelpoint access to Indian securities markets related laureate, Prof. Robert Engle from New Yorkdata and will boost the research and analysis University graced the occasion. The conferenceactivities on Indian securities markets. also witnessed participation of top academicians from across the world. Simultaneously, SSIRHigh quality research demands access to high conducted the Research Workshops for facultyquality data. Availability of reliable data on Indian members and doctoral students.securities markets has been one of stumblingblocks for undertaking research. A number of commissioned research studies have also been undertaken.The following are some of the plausible reasons forhaving a common securities markets data interface:1. Unavailability of focused database in India2. Difficulty in sourcing data from different sources that are maintained in different formats3. Need to enhance research and promote PhD programs4. Targeting researchers in the International market to study on emerging economiesFor more information please write to email@example.com
SCHOOL for CERTIFICATIONof INTERMIDIARIES SCIThe School for Certification of Intermediaries (SCI) Mandatory examinations conducted by SCI:at NISM is engaged in developing certificationexaminations for professionals employed in 1. NISM Series-I: Currency Derivativesvarious segments of the Indian securities markets. Certification ExaminationSCI performs the following functions: 2. NISM Series-II-A: Registrars and Transfer Agents (Corporate) Certification Examination1. Development & Administration of mandated 3. NISM Series-II-B: Registrars and Transfer Certification Examinations Agents (Mutual Fund) Certification2. Development & Administration of non- Examination mandated Certification Examinations 4. NISM Series-IV: Interest Rate Derivatives3. Administration of Continuing Professional Certification Examination Education (CPE) 5. NISM Series-V-A: Mutual Funds Distributors Certification ExaminationSCI also conducts regular workshops for trustees 6. NISM Series-VII: Securities Operations andof mutual funds and independent directors of Risk Management Certification Examinationasset management companies.For more information please write to firstname.lastname@example.org
SCHOOL for REGULATORYSTUDIES and SUPERVISION SRSSSRSS organizes executive education for officers The school has also undertaken a projectof SEBI, stock exchanges, government officers, “Securities Market Simulator” which simulatesdepositories, capital markets division of the the working of securities markets to facilitateministry and participants of capital markets from training and research activities on Indian markets.other jurisdictions including SAARC nations andIOSCO nations.SRSS also initiated training programmes forInternal Auditors of Stock Brokers. SRSS organizesround table for mutual fund trustees.For more information please write to email@example.com
SCHOOL forCORPORATE GOVERNACE SCGSCG conducts workshops and round tableconferences in matters pertaining to CorporateGovernance and has undertaken many initiativesfor capacity building in the corporate governancespace.SCG’s strategy in fostering good corporategovernance is three-pronged:1. Generate a body of knowledge that is relevant and effective.2. Use the knowledge to inform the players about the principles/methods of good corporate governance3. Take recourse to demonstration effect to convince the corporate sector about need for good governanceIn collaboration with Confederation of Indian (NISM) set up by the Securities and ExchangeIndustry (CII) and Global Corporate Governance Board of India (SEBI) and the Confederation ofForum (GCGF), SCG has organized Business and Indian Industry (CII), aimed at enhancing theInvestor Dialogue, Board Leadership Workshop, understanding of the Boards of the issues whichRound Table Conference on “Corporate confront the Boards and how to deal with them.Governance in India – A Reality Check” andCorporate Governance Workshop for Media Media Workshop: “Reporting on CorporatePersons Governance in India” NISM in collaboration with GCGF, CII and ThomsonDirector’s Colloquium: “Corporate Governance - Reuters Foundation organized two workshops onBoard Leadership - Building Effective Boards” “Reporting on corporate governance in India”,A short, intensive and an interactive programme one each in Mumbai (July 22, 2009) and Delhifor directors which is being delivered jointly (July 25, 2009).by the National Institute of Securities MarketsFor more information please write to firstname.lastname@example.org
SCHOOL forSECURITIES EDUCATION SSEWithin the framework of the vision and mission of NISM, the role of SSE is to provideeducation preparing competent professionals who will serve the securities markets.SSE is uniquely positioned to provide the necessary inputs and to create the new age securities marketsprofessionals. With its proximity to policy makers and professionals in the securities markets community,the educational programmes from SSE are infused with this innovation and dynamism.Certified Securities Markets Certificate in Financial EngineeringProfessional (CSMP) Programme and Risk Management (CFERM)The CSMP Programme is a one year, full-time, A Part-time Programme for Professionals inpost-graduate course aimed at creating the next Treasury and Risk Management functions.generation of securities markets professionals The curriculum covers the following areas:The CSMP Programme is designed to: 1. Design and Understand New Financial1. Abstract the building blocks of the Securities Products and Solutions Markets, understand them conceptually, 2. Manage Treasury more Effectively and develop capabilities to design financial 3. Implement Financial Solutions for BFSI Sector solutions 4. Address Risk Management issues at Strategic2. Upgrade knowledge and skill necessary and Operational Levels for key technical activities in the Securities Markets3. Develop well-rounded and competent professionals who understand financial markets in a holistic mannerFor more information please write to email@example.com
NISM is located at Vashi in the vibrant township ofNavi Mumbai. NISM has a twin advantage of accessto the top financial institutions and professionalsfrom Mumbai combined with the academicambience in the township of Navi Mumbai.The Institute is well connected by road and railto the rest of India. NISM also has an executiveguest house for its program participants. NISMhas access to a well stocked library specializing insecurities markets, and computing facilities. National Institute of Securities Markets Plot No. 82, NISM Bhavan, Sector-17 Vashi, Navi Mumbai - 400 705 | Phone: +91-22-66735100-105 Fax: +91-22-66755710 | www.nism.ac.in