New Delhi, Mar 11 (PTI) In a transfer aimed toward easing compliance necessities, markets regulator Sebi on Wednesday relaxed certification norms for Individuals Related to Analysis Companies (PARS), permitting gross sales workers, relationship managers and different non-research personnel to qualify by a lighter certification module.
The frameworkefficient instantly, has been eased as such workers members aren’t straight related to or concerned in analysis associated facets.
“Primarily based on the suggestions from market individuals and as a step in the direction of ease of doing enterprise, it has been determined to specify a lighter NISM certification module for PARS, akin to gross sales workers, relationship managers and different workers, who carry out gross sales and different non-core providers, have consumer contact however aren’t straight related or concerned in analysis associated facets,” Sebi mentioned in its round.
Accordingly, PARS, who carry out gross sales and different non-core providers, shall be required to acquire certification from NISM by passing the ‘NISM Sequence-XXV-A’.
“The PARS who’ve already obtained NISM SeriesXV certification, as on the date of this round, shall not be required to undertake NISM Sequence-XXV-A certification at this stage. Such PARS shall acquire NISM Sequence-XXV-A certification solely after expiry of the validity of their NISM Sequence-XV certification,” Sebi mentioned.
PARS, excluding those that carry out gross sales and different non-core providers, will proceed to acquire certification from NISM by passing the ‘NISM Sequence-XV: Analysis Analyst Certification Examination’.