IFSCA, NISM collaborate to advance capability constructing in monetary sector, ETCFO
New Delhi, The Worldwide Monetary Providers Centres Authority (IFSCA) and the Nationwide Institute of Securities Markets (NISM) on Friday inked a pact to advance capability constructing within the monetary sector. As a part of the settlement, NISM will act as a coaching associate for IFSCA and the varied intermediaries registered with IFSCA, the markets regulator Sebi mentioned in a press release.
Additionally, NISM, a public belief established by Sebi, will conduct related certification examinations, together with certification examinations mandated underneath the IFSCA Rules, for the intermediaries registered with IFSCA.
These talent improvement, skilled coaching and certification programmes will be sure that the best skilled requirements are maintained within the IFSCA ecosystem.
“With a confirmed observe document of over a decade, NISM is uniquely positioned to assist the wants arising out of the burgeoning development being seen at IFSCA,” the regulator mentioned.
This Memorandum of Understanding (MOU) might be mutually useful to each entities as IFSCA will be capable of leverage NISM’s capability constructing and certification experience and NISM will profit from the learnings arising out of servicing a global monetary platform.
The MOU was signed in presence of Sebi chairman Tuhin Kanta Pandey and IFSCA chairman Kalyanaraman Rajaraman.
