Prime Minister Narendra Modi will inaugurate the campus on December 24.
Prime Minister Narendra Modi will inaugurate the new campus of National Institute of Securities Markets (NISM), an educational initiative of capital markets regulator Sebi, at Patalganga near Mumbai on December 24.
NISM presently operates from its campus in Vashi, Navi Mumbai, but the existing infrastructure is inadequate to meet its growing requirements.
The new NISM campus, spread over 70 acres at Patalganga, has a potential of accommodating 5,000 students and Securities and Exchange Board of India has invested more than Rs 400 crore in the institute.
Presently, the campus is being developed for about 1,000 residential participants in various training programmes. It will help NISM widen its activities and also cater to the growing demand for qualified securities market professionals.
The new campus is now ready and will be inaugurated by the Prime Minister on December 24, sources said.
While Sebi has introduced far-reaching reforms over the last 25 years through various regulatory changes, one of the major challenges faced by the securities market today is lack of adequate qualified securities market professionals.
There is high demand for qualified securities markets professionals who are well-informed, competent with comprehensive knowledge of securities markets, conversant with global trends and willing to swiftly adapt to changes.
NISM, established by Sebi, is engaged in capacity building among stakeholders in the securities markets through financial literacy, professional education, certification, enhancing governance standards and fostering policy research.
The institute carries its activities through six Schools of Excellence - School for Investor Education and Financial Literacy, School for Certification of Intermediaries, School for Securities Information and Research, School for Regulatory Studies and Supervision, School for Corporate Governance and School for Securities Education.
Through these schools, NISM caters to educational needs of various constituencies such as investors, issuers, intermediaries, regulatory staff, policy makers, academia and future professionals of securities markets.
NISM also develops and conducts mandatory certification examinations and continuing professional educational programmes for various segments of the securities markets.
Around 1.5 lakh candidates undertake these examinations every year and more than five lakh candidates have been certified by NISM till date. NISM is also actively engaged in conducting investor awareness programmes across the country.
This year itself, the institute has conducted programmes for participants from more than 30 countries across the world.
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