NISM’s MFD CPE Programme
National Institute of Securities Market (NISM) has empanelled CIEL to provide continuing professional education (CPE) programmes for revalidating the mandatory certification for distributing mutual funds. This replaces the refresher course that used to be conducted under the auspices of the Association of Mutual Funds in India (AMFI) for renewal the ARNs.
As per NISM’s revised guidelines, from 15th June 2013 onwards, it is mandatory for the candidates to attend 1 day NISM CPE programme within a period of 12 months prior to the expiry of their certificate.
CIEL conducts the 1 day classroom sessions based on the curriculum approved by NISM which includes a recap of important concepts and an update on the current developments in the industry with respect to products, processes, regulation and compliance. The 1 day session concludes with a quiz. Participants are provided a certificate of participation by NISM. This CPE certificate revalidates the eligibility of the following who are required to have a valid certification to be able to sell or distribute mutual fund products:
Individual mutual fund distributors
Employees of organizations engaged in sales and distribution of Mutual Funds
Employees of asset management companies specially persons engaged in sales and distribution of mutual funds