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The National
Institute of Securities Markets (NISM) has hiked the Continuing Professional Education
(CPE) course fee more than two-fold, effective 1st June 2012.
Be prepared
to shell out more for your CPE course fee.
As per the
earlier guidelines, a distributor had to complete the CPE program six months
before the date of expiry of the certificate, by attending a one-day program
after paying Rs 1,500. Now, distributors have to cough up either Rs 3,600, if
they wish to appear for the course on two non-consecutive days, or Rs 3,400 for
two consecutive days.
Revised CPE rules & fee
structure
The validity
of the certificate remains unchanged for three years.
“A candidate
with a valid NISM/AMFI certificate is required to complete the mandated two-day
NISM CPE programme within a period of 12 months preceding the date of the
expiry of the said certificate,” states the new rule.
A
distributor holding a certificate whose validity has lapsed between June 1,
2012 and November 30, 2012, and who has not undergone the CPE programme, can
attend the NISM MFD CPE as per the revised requirements from June 1, 2012
onwards, within the validity period of the said certificate.
The new rule
says that any distributor holding a certificate whose validity will expire on
or after December 1, 2012 must undergo the NISM MFD CPE as per the revised
requirements from June 1, 2012 onwards.
NISM has
been conducting CPE programmes for distributors since June 2010, which was
earlier conducted by AMFI as an AMFI Refresher Course.
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