NISM Certifications · NISM-Series-VIII: Equity Derivatives · Legal and Regulatory Environment
Which of the following best describes the requirement for a person to act as an approved user/sales person dealing in the equity derivatives segment?
Persons dealing in the equity derivatives segment must hold a valid NISM-Series-VIII Equity Derivatives certification. A degree or professional qualification such as CA alone does not satisfy the requirement, and certification is not optional.
- AMust have passed the prescribed NISM certification, NISM-Series-VIIICorrect
- BMust hold only a graduation degree
- CMust be a registered chartered accountant
- DNeeds no certification
Explanation
Regulations require persons associated with trading in the derivatives segment to hold a valid NISM-Series-VIII Equity Derivatives certificate. A degree or CA status alone is not sufficient.
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