Markets regulator Sebi (Securities and Exchange Board of India) has notified new regulations for portfolio managers, investment advisers, and research analysts concerning their qualifications.
The move will help recognise "the postgraduate programme in the securities market of not less than one year offered by NISM (National Institute of Securities Markets) " as an eligible qualification for portfolio managers, investment advisers, and research analysts, according to Sebi.
The regulator also amended PMS (Portfolio Management Services) regulations concerning NISM certification requirements.
This comes after the board of Sebi approved amendments in this regard in February.
About qualification for the portfolio manager, Sebi said a portfolio manager needs to have a professional qualification in finance, law, accountancy, or business management from a university or an institution recognized by a recognised university or a professional qualification by completing a Postgraduate Program in the Securities Market (Portfolio Management) from NISM.
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The postgraduate programme from NISM should not be less than one-year duration.
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