In its board meeting, SEBI has proposed to introduce a degree course for RIAs, PMS and research analysts. SEBI said that NISM would offer this degree course.
However, the market regulator has not clarified if the course is mandatory to obtain license of investment adviser, portfolio management services and research analysis.
SEBI said, “The board approved amendment to SEBI (Portfolio Managers) Regulations, 2020 (PMS Regulations), SEBI (Investment Advisers) Regulations, 2013 and SEBI (Research Analysts) Regulations, 2014 to recognise the post graduate program in securities market of not less than one year offered by NISM as eligible qualification for portfolio managers, investment advisers and research analysts. The board also approved amendment to PMS regulations with respect to NISM certification requirements.”
