SEBI: ASSOCIATED PERSONS ARE REQUIRED TO OBTAIN 

CERTIFICATION BY PASSING SICCE

SEBI NOTIFICATION: LAD-NRO/GN/202-13/33/1103

DATED: 11/03/2013

The Board may require, by notification, any category of associated persons as defined in the Regulations 3(1) of SEBI Regulation 2007 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 communiqué No. NISM/Certification/Series-III A: 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.

Regards

CA. Mona Singhal

Partner

Arpit Gupta & Associates

Chartered Accountants

701, Nirmal Tower,

26, Barakhamba Road,

Connaught Place, Delhi-110001

Mobile:- +91-9873082769 

Website: www.caaga.co.in