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NISM Certifications · NISM-Series-XV: Research Analyst · Legal and Regulatory Environment (NISM XV)

Mr. Rao, an individual research analyst, wants to know the minimum qualification and certification requirement for registration under the SEBI (Research Analysts) Regulations, 2014. Which combination is correct for an individual applicant?

An individual applicant needs a relevant professional or postgraduate qualification in areas like finance, accountancy, economics or business, and must pass the NISM research analyst certification. A plain degree without the exam, or a different NISM certificate such as mutual fund distribution, does not meet the requirement.

  1. AAny graduate degree with no examination
  2. BA professional or postgraduate qualification in a relevant field such as finance, accountancy, economics or business, along with the NISM research analyst certificationCorrect
  3. COnly a school-leaving certificate and five years of experience
  4. DOnly the NISM Mutual Fund Distributors certificate

Explanation

An individual applicant must hold a recognised qualification (such as a postgraduate degree or professional qualification in a relevant discipline) and must have passed the NISM research analyst certification examination. A mere graduate degree without the NISM exam or a different NISM certificate does not satisfy the requirement. The distractors drop either the qualification or the correct examination.

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