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

Which of the following is true about the certification requirement of a registered research analyst under the NISM-Series-XV framework?

The NISM certificate is valid for 3 years from the date of the examination, and the analyst must renew it as prescribed by taking the re-certification before it lapses. It is neither lifelong nor limited to one year or tied to a particular employer.

  1. AThe certificate is valid for 3 years from the date of the examination, after which it must be renewed by passing again or as prescribedCorrect
  2. BThe certificate is valid for life once the exam is passed
  3. CThe certificate is valid for 1 year only
  4. DThe certificate is valid until the analyst changes employer

Explanation

NISM certificates are valid for 3 years from the date of the examination, so analysts need to renew through re-certification as per the prescribed requirements. They are not lifelong, not one-year and not tied to an employer.

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