“SEBI will be empowered to develop, regulate, maintain and enforce norms and standards for education in the National Institute of Securities Markets and to recognize the award of degrees, diplomas, and certificates,” Finance Minister Nirmala Sitharaman stated while presenting the Union Budget for 2023–2024.
The government proposed on Wednesday that Sebi will be permitted to develop, maintain, and implement education standards for the National Institute of Securities Markets (NISM) in order to increase the capacity of securities market professionals and functionaries.
“Sebi will be empowered to develop, regulate, maintain and enforce norms and standards for education in the National Institute of Securities Markets and to recognize the award of degrees, diplomas, and certificates,” Finance Minister Nirmala Sitharaman stated while presenting the Union Budget for 2023–2024.
Over 20 program certificates covering various critical market functions, such as sales, advice, operations, and compliance, are issued by Sebi-run NISM, one of the largest financial market certifying institutions worldwide. These certificates cover equities, derivatives of equity, currency, interest rates and commodities, mutual funds, and pensions.
