 Currency
Derivatives Segment Membership
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NISM Certification in Currency
Derivatives
In terms of the provisions of Rules, Bye-Laws and
Regulations of the MCX Stock Exchange Ltd. (Exchange), the Members of the
Exchange are notified as under. SEBI vide notification no.LAD/NRO/GN/2009-10/04/163097 dated
May 13, 2009 has approved the Series-I: CD (Currency Derivatives Certification
Examination), specified by National Institute of Securities Markets (vide notification
no. NISM/Certification/Series-I: CD/2009/1 dated May 11, 2009), as the required
certification for approved users and sales personnel of trading members of the
Currency Derivatives Segment of recognized stock exchanges for the purpose of
sub-regulation (2) of regulation 16L of the Securities and Exchange Board of
India (Stock Brokers and Sub-Brokers) Regulations, 1992. SEBI has
also stipulated that:-
-
a
trading member of the Currency Derivatives Segment of a recognized stock
exchange shall ensure that all its approved users and sales personnel obtain
Series-I: CD certification, as specified above, by 10th August, 2009
-
from
the date of notification, a trading member of the Currency Derivatives Segment
of a recognized stock exchange shall not engage or employ any approved user or
sales personnel who does not have valid Series-I: CD certification. Copies of
the said notifications are attached for the ready reference of all members. Members are
advised to take note of the above and comply with the requirement.
Deepa S. Aiyar
Manager Annexures: SEBI notification No. LAD/NRO/GN/2009-10/04/163097
dated May 13, 2009 NISM notification No. NISM/Certification/Series-I: CD/2009/1 dated May 11, 2009.
For any clarifications contact Mr. Ketan Redkar on 022-67318923 or Ms. Yugandhara Patil on 022-67318921 or send an email to customerservice@mcx-sx.com.
SEBI notification No. LAD/NRO/GN/2009-10/04/163097 dated May 13, 2009
THE GAZETTE OF EXTRAORDINARY PART-III-SECTION 4 PUBLISHED BY AUTHORITY SECURITIES AND EXCHANGE BOARD OF NOTIFICATION Mumbai, the 13th May, 2009 Notification
under regulation 3 of the Securities and Exchange Board of WHEREAS
the National Institute of Securities Markets (hereinafter referred to as NISM)
has specified vide notification no. NISM/Certification/NISM Series-I: CD/2009/1
dated 11th May, 2009, in consultation with
Securities and Exchange Board of India (hereinafter referred to as Board),
“Series-I: Currency Derivatives Certification Examination”(hereinafter referred
to as Series-I: CD) for approved users and sales personnel of the trading
members of the Currency Derivatives Segment of a recognized stock exchange
under regulation 7 of the Securities and Exchange Board of India(Certification
of Associated Persons in the Securities Markets) Regulations, 2007. NOW
THEREFORE the Board approves the Series-I: CD, as specified by NISM vide afore
said notification, as the required certification for approved users and sales personnel
of trading members of the Currency Derivatives Segment of recognized stock
exchanges for the purpose of sub-regulation (2) of regulation 16L of the Securities
and Exchange Board of India (Stock Brokers and Sub-Brokers) Regulations,1992. NOW
THEREFORE a trading member of the Currency Derivatives Segment of a recognized
stock exchange shall ensure that all its approved users and sales personnel obtain
Series-I: CD certification, as specified above, by 10th August, 2009. FURTHER
from the date of this notification a trading member of the Currency Derivatives
Segment of a recognized stock exchange shall not engage or employ any approved
user or sales personnel who does not have valid Series-I: CD certification. C.
B. BHAVE CHAIRMAN National
Notification NISM-Series-I:
Currency Derivatives Certification Examination NISM/Certification/Series-I: CD/2009/1 dated May 11, 2009 NISM-Series-I:
CD Examination In exercise of
the powers conferred by sub-regulation (3) of regulation (7) of SEBI
(Certification of Associated Persons in Securities Markets) Regulations 2007,
National Institute of Securities Markets in consultation with the Securities
and Exchange Board of India hereby notifies that passing the NISM-Series-I:
Currency Derivatives Certification Examination is the requisite standard for
the approved users and sales personnel of trading members of currency
derivatives segments of recognized exchanges. The
NISM-Series-I: Currency Derivatives Certification Examination is offered by
NISM. The examination is available to the candidates from May 15, 2009. Details of this
Examination are given in Annexure-I and Annexure-II attached to this
notification. The text of these Annexures and the registration details may be
found in www.nism.ac.in. National Copy to:
1. Executive Director, MIRSD, SEBI 2. Executive
Director, LAD, SEBI 3. Executive
Director, DNPD, SEBI 4. CEO, BSE 5. CEO, MCX-SX 6. CEO, NSE
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