National Institute of Securities Markets administers Certification examinations and Continuing Professional Education programs as per SEBI (Certification of Associated Persons in Securities Markets) Regulation 2007.NISM develops / approves content for various modules as per test objectives for the examination / Continuing Professional Education programs. Similarly, NISM also develops examinations for respective modules. NISM does not provide any training, for preparation of examinations, directly or indirectly to participants who desire to appear for NISM examinations. However, there are organizations / entities that are providing training programs / model test papers, in class room, online or any other format or medium, to participants who desire to appear for NISM examinations. It is specifically