Notification under regulation 3 of the Securities and Exchange Board of India (Certification of Association Persons in the Securities Markets) Regulations, 2007. - LAD/NRO/GN/2012-13/33/1103 - SEBI

SECURITIES AND EXCHANGE BOARD OF INDIA NOTIFICATION Mumbai, the 11 th March, 2013 Notification under regulation 3 of the Securities and Exchange Board of India (Certification of Association Persons in the Securities Markets) Regulations, 2007 No. LAD/NRO/GN/2012-13/33/1103.- In terms of sub-regulation (1) of regulation 3 of the Securities and Exchange Board of India (Certification of Associated Persons in the Securities Markets) Regulations, 2007 (the Regulations), the Board may require, by notification, any category of associated persons as defined in the Regulations to obtain requisite Certification(s). Accordingly, it is notified that with effect from the date of this notification, the associated persons functioning as compliance officers of intermediaries registered with the Board as stock brokers, or depository participants, or merchant bankers, or underwriters, or bankers to the Issue, or debenture trustees or credit rating agencies, shall obtain certification from the National Institute of Securities Markets (hereinafter referred to as NISM ) by passing the NISM-Series-III A : Securities Intermediaries Compliance (Non-Fund) Certification Examination (hereinafter referred to as SICCE ) as mentioned in the NISM communique No. NISM Certification/Series-IIIA: SIC/2013/01/dated January 7, 2013. All such intermediaries shall ensure that associated persons functioning as compliance officers as on the date of this notification obtain Certification by passing SICCE within two years from the date of this notification: Provided that an intermediary, who engages or employs any such associated persons functioning as compliance officer after the date of this notification, shall ensure that such person obtains Certification by passing SICCE within one year from the date of his employment. U K. SINHA, Chairman [ADVT-III/4/69.ZB/12/Exty.]