Regulation 7 - Powers and functions of NISM - Securities and Exchange Board of India (Certification of Associated Persons in the Securities Markets) Regulations, 2007

CHAPTER III POWERS AND FUNCTIONS OF NISM Powers and functions of NISM 7. (1) NISM would perform the functions delegated to it under these regulations or as may be delegated by the Board. (2) Without prejudice to the generality of the foregoing provisions and the activities of NISM under its articles, the functions of NISM in respect of certification for associated persons in the securities market shall include putting in place and implementing the certification process, procedure and policies. (3) NISM in consultation with the Board may lay down standards which may (a) specify that all or any portion of such standards shall be applicable to all or any category of associated persons working or associated with all or any class of intermediaries in securities market; (b) specify that no associated person in any such class may be qualified to be employed or engaged or continued to be employed or engaged by an intermediary unless he is in compliance with such standards of examination, continuing professional education requirements and such other qualifications as NISM in consultation with the Board may specify.