NEW DELHI: The National Institute of Securities Markets (NISM) has renewed accreditation of licensed monetary planner (CFP) certification programme in India.
Financial Planning Standards Board (FPSB), proprietor of the Certified Financial Planner certification programme, wants accreditation from NISM, as per a press launch. This allows CFP professionals providing funding recommendation to be eligible to register as funding advisors as per Securities and Exchange Board of India’s norms.
NISM has renewed the accreditation of the 19-year-old CFP certification programme after reviewing FPSB Ltd.’s utility, which outlined the board’s mission, popularity, world affiliations, monetary power and insurance policies and high quality requirements associated to curriculum growth and examination administration for the programme in India.
NISM’s present accreditation of the CFP certification is legitimate from 1 March 2022 to twenty-eight February 2024, and is eligible to be renewed each two years, topic to the programme monitoring and approval by NISM, the discharge stated.
“FPSB Ltd. is pleased that India’s CFP professionals offering investment advice are eligible to register as Investment Advisers under Securities and Exchange Board of India regulations,” stated Noel Maye, CEO of FPSB Ltd.
“FPSB Ltd. and the community of over 2,300 CFP professionals in India are committed to benefiting the Indian public by establishing, upholding and promoting competency, ethics and practice standards and certification requirements for CFP professionals and for the financial planning profession in India. The accreditation by NISM strengthens our efforts to attract a new pool of talent into the financial planning profession in India.”
This information follows a current announcement by the Financial Planning Standards Board that the variety of CFP professionals in India grew by 17.6% final 12 months, reaching a complete of two,338 CFP professionals on 31 December 2021. The progress in India has been in keeping with the rising world motion, as per the Board.
Subscribe to Mint Newsletters
* Enter a sound electronic mail
* Thank you for subscribing to our publication.
Never miss a narrative! Stay related and knowledgeable with Mint.
Download
our App Now!!
