NEW DELHI: The Nationwide Institute of Securities Markets (NISM) has renewed accreditation of licensed monetary planner (CFP) certification programme in India.
Monetary Planning Requirements Board (FPSB), proprietor of the Licensed Monetary Planner certification programme, wants accreditation from NISM, as per a press launch. This permits CFP professionals providing funding recommendation to be eligible to register as funding advisors as per Securities and Change Board of India’s norms.
NISM has renewed the accreditation of the 19-year-old CFP certification programme after reviewing FPSB Ltd.’s software, which outlined the board’s mission, repute, world affiliations, monetary energy 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 happy that India’s CFP professionals providing funding recommendation are eligible to register as Funding Advisers below Securities and Change Board of India laws,” stated Noel Maye, CEO of FPSB Ltd.
“FPSB Ltd. and the neighborhood of over 2,300 CFP professionals in India are dedicated to benefiting the Indian public by establishing, upholding and selling competency, ethics and apply requirements and certification necessities for CFP professionals and for the monetary planning career in India. The accreditation by NISM strengthens our efforts to draw a brand new pool of expertise into the monetary planning career in India.”
This information follows a current announcement by the Monetary Planning Requirements Board that the variety of CFP professionals in India grew by 17.6% final yr, reaching a complete of two,338 CFP professionals on 31 December 2021. The expansion in India has been consistent with the rising world motion, as per the Board.
Supply: Live Mint