National Institute of Securities Markets, NISM, today, announced through a website announcement, that it will be discontinuing four premium derivatives certification examinations through online mode. After this, very few NISM Online Exams will be available in Exam from Anywhere mode. The four examinations that will be discontinued are as follows:
- NISM Series I: Currency Derivatives Certification Examination
- NISM Series IV: Interest Rate Derivatives Certification Examination
- NISM Series VIII: Equity Derivatives Certification Examination
- NISM Series XVI: Commodity Derivatives Certification Examination
Last year, after lockdowns were imposed by the government, NISM had enabled NISM online examinations, where candidates were not required to visit a Test Centre but could attempt the exam from anywhere using a laptop. NISM Online Exam uses state-of-the-art AI based and live human proctoring for conducting its certification examinations.
Why has NISM decided to scale down NISM Online Exams?
While no specific reason is provided for discontinuing the above exams, the discontinuation will happen in a phased manner. In the first phase, NISM Currency Derivatives Exam will be discontinued w.e.f. November 12, 2021 and NISM Equity Derivatives Exam will be discontinued w.e.f. November 16, 2021.
In the next phase, NISM Commodity Derivatives Exam and NISM Interest Rate Derivatives Exam will be discontinued w.e.f. November 19th and 22nd, 2021 respectively.
While the above exams will be discontinued in online / Exam from Anywhere mode, NISM has clarified that candidates will continue taking the exams through Test Centres. Also, candidates enrolled for online mode will be provided service even after the above deadline.
No person from NISM could be available for comment.
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