Empanelment of Securities Market Trainers (Smarts)

Empanelment of Securities Market Trainers (SMARTs)
i) Securities and Exchange Board of India (SEBI) is the regulator for securities
markets in India, established under Securities and Exchange Board of India (SEBI)
Act, 1992 with the prime mandate to protect the interests of investors in securities
and to promote the development of, and to regulate the securities market and for
matters connected therewith or incidental thereto.
ii) Towards this, SEBI has been undertaking various investor awareness and
education activities. As a part of such initiative, entities/individuals who are
interested in working in the field of investor education pertaining to securities market
are proposed to be empanelled as “Securities Market Trainers (SMARTs)”. The
empanelled Securities Market Trainers shall supplement SEBI’s initiatives in the
area of Investor Education and Protection. The empanelled Securities Market
Trainers are empanelled to conduct Investor Awareness Programs (IAPs) and
should not be construed as employment with SEBI.
iii) The SMARTs are expected to conduct IAPs on behalf of SEBI under the aegis of
SEBI Investor Protection and Education Fund (SEBI IPEF). The document titled
“Operational Guidelines on Securities Market Trainers (SMARTs)” specifying the
conditions to facilitate and regulate the functioning of SEBI empanelled SMARTs is
available at SEBI investor website http://investor.sebi.gov.in. The aforesaid
document outlines the basic requirements and conditions to be fulfilled by eligible
organizations/individuals to get empanelment from SEBI as SMARTs. It further
specifies the conditions of operations which shall be followed by empanelled
Securities Market Trainers viz. conduct of Investor Awareness Programs (IAP),
reimbursement of expenses by SEBI etc. The requirements for empanelment of
SMARTs are as follows:
i. Eligibility Criteria:
The following categories are eligible:
a. Individual who is Citizen of India and resident of India.
Or
b. An organisation working in the field related to law, commerce,

management, economics, financial markets education and registered
as:-
i) A Trust under Indian Trusts Act, 1882 or any other relevant

Act governing the Trusts in India, or
ii) A Society registered under Societies Registration Act, 1860

or any other relevant Act governing the Societies in India, or
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iii) A company incorporated under the Companies Act, 2013, or
iv) A partnership formed under the Partnership Act, 1932.
ii. Educational Qualifications and Work Experience:
In case of an organisation: The governing body of applicant shall have at

least one trustee in case of trusts, one governing member in case of society,
one director in case of company, one partner in case of partnership as the
case may be, who meets the Educational Qualification and Work Experience
criteria given below:
a) Educational Qualifications: Minimum Graduate with at least 50% marks

from a recognized university.
b) Work Experience: At least five years of experience of either working or

teaching in the areas of law, commerce, management, economics or
financial markets education. SEBI’s decision regarding the
acceptability/relevance of qualifications and experience will be final.
In case of an individual: The applicant shall meet the Educational

Qualifications and Work Experience criteria given above. The age of individual
applicant shall not be more than 65 years.
Preference would be given to individual applicants, and organisations having

trustee in case of trusts, governing member in case of society, director in case
of company, partner in case of partnership with the following background:
Serving/retired lecturers and professors, retired employees of central/state
government, financial sector regulators, PSUs and veterans from defence
services.
All trainers employed by the organizations to conduct IAPs shall meet Educational
Qualifications and Work Experience criteria given above and shall be proficient in
the use of English and local language. The age of trainers shall not be more than
65 years.
iii. NISM Certification:
The applicant organisation shall have at least one individual trainer who has
experience as indicated for individual trainer and holds a valid Securities Markets
Certification (NISM Series-XII: Securities Markets Foundation Certification
Examination) with minimum 75% passing marks, or such certification as prescribed
by SEBI from time to time.
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In case of an individual applicant, the applicant shall hold a valid Securities Markets
Certification (NISM Series-XII: Securities Markets Foundation Certification
by SEBI from time to time. Such certification shall be valid on a continuous basis.
Additionally, if the SMARTs intend to cover topics related to Commodity

Derivatives then the SMARTs/Trainers must also hold a valid Commodity
Derivatives Certification (NISM-Series-XVI: Commodity Derivatives Certification
by SEBI from time to time.
Selection criteria:
After shortlisting of eligible applicants, an interaction with eligible applicants would be

scheduled. Based on the interaction, applicants would be recommended if found
suitable for empanelment as SMARTs
Training:
The selected applicants shall be required to undergo training program organized by

SEBI.
The expenses for travelling to the respective training centre as prescribed by SEBI
will be reimbursed subject to production of the original documents and also all other
expenses for stay and other arrangements will be borne by SEBI.
Terms and conditions:
For detailed terms and conditions, please refer to the document on ‘Operational
Guidelines on Securities Market Trainers’.
Empaneled Securities Market Trainer:
The candidates shall be empaneled by SEBI as “Securities Market Trainer”.
Reimbursement:
Amount for SMARTs who are Trust/Society/Company/Partnership:

A maximum of Rs. 40,000/- (Rupees Forty Thousand only) per IAP (exclusive of
taxes) can be claimed for incurring eligible expenses on submission of original bills.
However, out of Rs. 40,000/- (Rupees Forty Thousand only), a maximum of Rs.
10,000/- (Rupees Ten Thousand only) can be claimed on declaration basis where
bills are not available.
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Amount for SMARTs who are Individuals:
A maximum of Rs. 20,000/- (Rupees Twenty Thousand only) per IAP (exclusive of
taxes) can be claimed for incurring eligible expenses on submission of original bills.
However, out of Rs. 20,000/- (Rupees Twenty Thousand only), a maximum of Rs.
5,000/- (Rupees Five Thousand only) can be claimed on declaration basis where bills
are not available.
Amount for SMARTs who are Trust/Society/Company/Partnership and

Individuals for conducting IAPs through Webinars:
A maximum of Rs. 10,000/- (Rupees Ten Thousand only) per IAP (exclusive of taxes)
can be claimed for conduct of webinar on declaration basis.
General instructions for submission of applications:
 The link for online application is: https://www.nism.ac.in
 The link for NISM certifications is https://certifications.nism.ac.in
 The last date for submission of applications is October 16, 2020.
 SEBI shall not entertain any request from the candidates seeking advice about
their eligibility to apply.
 Canvassing in any form will be a disqualification.
 In all matters regarding eligibility, interview, assessment and communication of

result, the decision of SEBI shall be final and binding on the candidates and no
correspondence shall be entertained in this regard.
 Communication in respect of selection of SMARTs mentioned in this

advertisement will be sent only to successful candidates.
For any query or information contact:
National Institute of Securities Markets(NISM)
Email: [email protected]

Empanelment of Securities Market Trainers (Smarts)

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Empanelment of Securities Market Trainers (SMARTs)

a. Individual who is Citizen of India and resident of India.

b. An organisation working in the field related to law, commerce,

i) A Trust under Indian Trusts Act, 1882 or any other relevant

ii) A Society registered under Societies Registration Act, 1860

iv) A partnership formed under the Partnership Act, 1932.

ii. Educational Qualifications and Work Experience:

In case of an organisation: The governing body of applicant shall have at

a) Educational Qualifications: Minimum Graduate with at least 50% marks

b) Work Experience: At least five years of experience of either working or

In case of an individual: The applicant shall meet the Educational

Preference would be given to individual applicants, and organisations having

iii. NISM Certification:

Additionally, if the SMARTs intend to cover topics related to Commodity

After shortlisting of eligible applicants, an interaction with eligible applicants would be

The selected applicants shall be required to undergo training program organized by

Terms and conditions:

Empaneled Securities Market Trainer:

The candidates shall be empaneled by SEBI as “Securities Market Trainer”.

Amount for SMARTs who are Trust/Society/Company/Partnership:

Amount for SMARTs who are Trust/Society/Company/Partnership and

General instructions for submission of applications:

 The link for online application is: https://www.nism.ac.in

 The link for NISM certifications is https://certifications.nism.ac.in

 The last date for submission of applications is October 16, 2020.

 Canvassing in any form will be a disqualification.

 In all matters regarding eligibility, interview, assessment and communication of

 Communication in respect of selection of SMARTs mentioned in this

For any query or information contact:

National Institute of Securities Markets(NISM)

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