Regulation 4 - Manner of obtaining certificate - Securities and Exchange Board of India (Certification of Associated Persons in the Securities Markets) Regulations, 2007

Manner of obtaining certificate 4. (1) Subject to the provisions of this regulation, an associated person may obtain the certificate in any of the following manners, namely:- (a) by passing a certification examination conducted by any organization or self regulatory organization approved or engaged as may be specified by NISM from time to time; or (b) by obtaining such number of classroom credits accumulated through attending classes on such subjects as may be specified by NISM from time to time; or (c) by delivering such number of formal classroom sessions in all or specific programmes of continuing professional education as may be specified by NISM from time to time. (2) An associated person being principal shall obtain the certificate in any of the manners specified in clause (a) or clause (b) or clause (c) of sub regulation (1). (3) An associated person, other than a principal, who has attained the age of fifty years or who has atleast ten years experience in the securities markets in the activities mentioned in sub regulation (4) of regulation 3 on the date specified in the notification issued under sub regulation (1) of regulation 3, shall obtain the certificate in the relevant category in the manner specified in clause (a) or clause (b) of sub regulation (1). (4) An associated person other than those mentioned in sub regulation (2) or sub regulation (3) shall obtain the certificate in the manner specified in clause (a) of sub regulation (1).