1. NATIONAL INSTITUTE OF
SECURITIES MARKETS
An Educational Initiative By SEBI
ENHANCING
THE QUALITY OF
SECURITIES
MARKETS
Financial Professional Governance Policy
Literacy Education Standards Research

2. NISM aims to lead,
catalyze and deliver
educational initiatives to enhance
the 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 regulator
for securities markets in India.
NISM seeks to add to market quality through
educational initiatives. It is an autonomous
body governed by a Board of Governors and
with strategic guidance from an international
Advisory Council.
NISM is established by SEBI,
the regulator of Indian
Securities 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.

3. The Six Schools of
Excellence at NISM
School for Investor
SIEFL
Education and
Financial Literacy
School for Certification
SSIR SCI
of Intermediaries
School for Securi-
ties Information and
Research
School for Regulatory
SRSS
Studies and
Supervision
School for Corporate
SSE SCG
Governance
School for Securities
Education

4. NISM is led by a team of experienced professionals
with decades of experience in education, securities
markets, policy development and management
Prof. G. Sethu, In-charge of NISM Mr. M. L. Soneji, Registrar
Prof. Sethu has 30 years of experience Mr. Soneji has over 22 years of experience
in teaching, research, advisory, and in the securities markets and in managing
administration. He has B.Tech (Honours) from the stock exchanges with expertise in core
Indian 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 been
finance specialization from Indian Institute a part of various committees set up by SEBI,
of Management, Ahmedabad. He has served responsible for policy and operational aspects
in Indian Administrative Service (IAS) during and a member of the board of organizations
1981-1991. like IISL, Calcutta Stock Exchange, NSCCL and
ICCL. He holds post graduate qualifications in
Commercial Laws and Finance.

5. 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, Gurgaon
Advisory 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

6. SCHOOL for INVESTOR EDUCATION
and FINANCIAL LITERACY SIEFL
SIEFL aims to enhance the level of fiinancial literacy in India through the following programmes:
Investor
Workshops
Pocket Money is NISM’s flagship www.InvestorFirst.in aims to SEBI has empanelled financial
program, supported by SEBI, empower individuals with right literacy resource persons to
to increase financial literacy knowledge and tools that will conduct 2-hour financial education
among school students. We help them make wise investment workshops for individual investors
train teachers and provide decisions and create long-term on various topics related to personal
material to help schools teach wealth. finance and investing. NISM offers
the fundamental concepts of knowledge and training support
managing 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 siefl@nism.ac.in

7. SCHOOL for SECURITIES
INFORMATION and RESEARCH SSIR
SSIR 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 on
a project undertaken by the SSIR, will act as a single Security Markets in December 2008. Nobel
point access to Indian securities markets related laureate, Prof. Robert Engle from New York
data and will boost the research and analysis University graced the occasion. The conference
activities on Indian securities markets. also witnessed participation of top academicians
from across the world. Simultaneously, SSIR
High quality research demands access to high conducted the Research Workshops for faculty
quality data. Availability of reliable data on Indian members and doctoral students.
securities markets has been one of stumbling
blocks for undertaking research. A number of commissioned research studies have
also been undertaken.
The following are some of the plausible reasons for
having a common securities markets data interface:
1. Unavailability of focused database in India
2. Difficulty in sourcing data from different sources
that are maintained in different formats
3. Need to enhance research and promote PhD
programs
4. Targeting researchers in the International
market to study on emerging economies
For more information please write to ssir@nism.ac.in

8. SCHOOL for CERTIFICATION
of INTERMIDIARIES SCI
The School for Certification of Intermediaries (SCI) Mandatory examinations conducted by SCI:
at NISM is engaged in developing certification
examinations for professionals employed in 1. NISM Series-I: Currency Derivatives
various segments of the Indian securities markets. Certification Examination
SCI performs the following functions: 2. NISM Series-II-A: Registrars and Transfer
Agents (Corporate) Certification Examination
1. Development & Administration of mandated 3. NISM Series-II-B: Registrars and Transfer
Certification Examinations Agents (Mutual Fund) Certification
2. Development & Administration of non- Examination
mandated Certification Examinations 4. NISM Series-IV: Interest Rate Derivatives
3. Administration of Continuing Professional Certification Examination
Education (CPE) 5. NISM Series-V-A: Mutual Funds Distributors
Certification Examination
SCI also conducts regular workshops for trustees 6. NISM Series-VII: Securities Operations and
of mutual funds and independent directors of Risk Management Certification Examination
asset management companies.
For more information please write to sci@nism.ac.in

9. SCHOOL for REGULATORY
STUDIES and SUPERVISION SRSS
SRSS organizes executive education for officers The school has also undertaken a project
of SEBI, stock exchanges, government officers, “Securities Market Simulator” which simulates
depositories, capital markets division of the the working of securities markets to facilitate
ministry and participants of capital markets from training and research activities on Indian markets.
other jurisdictions including SAARC nations and
IOSCO nations.
SRSS also initiated training programmes for
Internal Auditors of Stock Brokers. SRSS organizes
round table for mutual fund trustees.
For more information please write to srss@nism.ac.in

10. SCHOOL for
CORPORATE GOVERNACE SCG
SCG conducts workshops and round table
conferences in matters pertaining to Corporate
Governance and has undertaken many initiatives
for capacity building in the corporate governance
space.
SCG’s strategy in fostering good corporate
governance 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 governance
3. Take recourse to demonstration effect to
convince the corporate sector about need for
good governance
In collaboration with Confederation of Indian (NISM) set up by the Securities and Exchange
Industry (CII) and Global Corporate Governance Board of India (SEBI) and the Confederation of
Forum (GCGF), SCG has organized Business and Indian Industry (CII), aimed at enhancing the
Investor Dialogue, Board Leadership Workshop, understanding of the Boards of the issues which
Round Table Conference on “Corporate confront the Boards and how to deal with them.
Governance in India – A Reality Check” and
Corporate Governance Workshop for Media Media Workshop: “Reporting on Corporate
Persons Governance in India”
NISM in collaboration with GCGF, CII and Thomson
Director’s Colloquium: “Corporate Governance - Reuters Foundation organized two workshops on
Board 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 Delhi
for directors which is being delivered jointly (July 25, 2009).
by the National Institute of Securities Markets
For more information please write to scg@nism.ac.in

11. SCHOOL for
SECURITIES EDUCATION SSE
Within the framework of the vision and mission of NISM, the role of SSE is to provide
education 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 markets
professionals. 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 Engineering
Professional (CSMP) Programme and Risk Management (CFERM)
The CSMP Programme is a one year, full-time, A Part-time Programme for Professionals in
post-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 Financial
1. 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 Strategic
2. Upgrade knowledge and skill necessary and Operational Levels
for key technical activities in the Securities
Markets
3. Develop well-rounded and competent
professionals who understand financial
markets in a holistic manner
For more information please write to sse@nism.ac.in

12. NISM is located at Vashi in the vibrant township of
Navi Mumbai. NISM has a twin advantage of access
to the top financial institutions and professionals
from Mumbai combined with the academic
ambience in the township of Navi Mumbai.
The Institute is well connected by road and rail
to the rest of India. NISM also has an executive
guest house for its program participants. NISM
has access to a well stocked library specializing in
securities 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