NISM Certificate validity is extended due to COVID-19 pandemic. National Institute of Securities Market (NISM) has extended the validity of NISM Certifications for a period of 3 months due to the nationwide lockdown announced because of Coronavirus pandemic. “NISM Certifications which are expiring during the period, March 15, 2020 to June 29, 2020 have been extended till June 30, 2020“, said SEBI in a press release.
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NISM Certificate Validity Extended yet again
UPDATE on September 29, 2021: NISM Certificate validity is extended further. NISM extends validity of all COVID affected certificates further to January 01, 2022. This shall be the last extension as per NISM. No further extensions will be granted as per recent NISM announcement.
UPDATE on June 01, 2021: NISM Certificate validity is extended further. NISM extends validity of all COVID affected certificates further to October 01, 2021
UPDATE on March 20, 2021: NISM validity extended further. NISM extends validity of all COVID affected certificates further to June 01, 2021.
UPDATE on December 2020: NISM validity extended further.NISM extends validity of all COVID affected certificates further to April 01, 2021.
UPDATE on SEPTEMBER 22, 2020: This is to bring to the notice of all NISM certificate holders and stake holders that validity of certificates of certificate holders, who could not appear or attend or enroll for certification examinations or CPE programmes and as such, could not renew / are not in a position to renew their certificates, during March 15, 2020 to December 30, 2020 (or any time period based on future developments / the Government directions), validity of their certificates shall be extended till December 31, 2020. NISM validity is extended even further.
UPDATE on APRIL 15, 2020: As per the detailed guidelines shared by the Ministry of Home Affairs (MHA), the lockdown is extended upto May 03, 2020. As a result, no examinations or CPEs will be conducted by NISM until May 03, 2020. NISM validity extended.
Why is NISM Certificate Validity getting extended?
Earlier, NISM had decided to cancel / postpone NISM and IBBI certification examinations at all the NISM Test Centers, BSE, NSE / NSEiT, CSE as well as MSEI Test Centers, during the period of 14th March 2020 till 14th April 2020. All the CPE programmes scheduled during this period were also cancelled.
Due to these cancellations, market participants were unable to renew their certificates. While NISM notified that candidates, who had enrolled for certification examinations and CPE programmes during this period, NISM will offer rescheduling facility once the examinations and CPE programmes commence. It also requested participants to not enroll for any exam or CPE till April 14, 2020 due to the lockdown.
“For those candidates, who could not appear or attend or enroll for certification examinations or CPE programmes and as such, could not renew / are not in a position to renew their certificates, during March 15, 2020 to June 29, 2020 (or time period based on future developments / the Government directions), validity of their certificates shall be extended till June 30, 2020”, said NISM in a website notification.
NISM launches eCPE for Mutual Fund Distributors
It is also understood that validity of ARN of Mutual Fund Distributors who could not renew their NISM Certificates will also be extended. ARN is the AMFI Registration Number issued by AMFI to all Mutual Fund Distributors.
Since the validity of ARN is co-terminus with that of NISM Certificates, AMFI has decided to automatically extend the validity of such affected ARNs until June 30, 2020.
UPDATE on June 01, 2021: It may be noted that AMFI has also decided to extend the validity of affected ARN since it is co-terminus with the NISM Certificate validity.
Now, Renew your NISM Certificate with NISM eCPE
NISM certifies market participants while AMFI provides AMFI Registration Number (ARN) and Employee Unique Identity Number (EUIN) to mutual fund distributors. NISM is a public trust established by Securities and Exchange Board of India (SEBI).