Empanelled neutrals shall compulsorily undergo and complete the NISM e-Learning module on Online Dispute Resolution (ODR) mechanism and may be accessed after registering on the link displayed below: https://www.nism.ac.in/online-dispute-resolution-odr-mechanism
The following NISM certifications courses recommended for the empanelled neutrals to upgrade their knowledge and skills pertaining to securities market on periodic basis and at least annually:
| Sr. No. | Intermediary / Regulated Entity | Relevant Certification Exam |
|---|---|---|
| 1 | AIFs – Fund managers | NISM Series XIX Alternative Investment Fund Managers |
| 2 | CIS – Collective Investment management company | No specific exam. |
| 3 | Depository Participants | Series VI-Depository Operations |
| 4 | Investment Advisors | Series X-A-Investment Advisors (Level 1), Series X-B-Investment Advisor (Level 2) |
| 5 | InvITs - Investment Manager | No specific exam or content developed by NISM. |
| 6 | Mutual Funds - AMCs | No specific exam, however, Series V A Mutual Fund Distributors exam can be useful |
| 7 | Portfolio Managers | Series XXI-B-Portfolio Managers |
| 8 | Registrars and Share Transfer Agents | Series II-A-Registrars and Share Transfer Agents - Corporate; Series II-B: Registrars and Share Transfer Agents-Mutual Fund |
| 9 | REITs – Managers | No specific exam or content developed by NISM. |
| 10 | Stockbrokers | Series VII-Securities Operations & Risk Management Series XVI: NISM-Series-XVI: Commodity Derivatives Certification |
| 11 | Clearing Corporations and their constituents | Series VII-Securities Operations & Risk Management |
| 12 | Credit Rating Agency and rating clients | No specific exam or content developed by NISM. |
| 13 | Custodians and their clients/FPIs | No specific exam or content developed by NISM. |
| 14 | Debenture Trustees and issuers | No specific exam or content developed by NISM. |
| 15 | Designated Depository Participant and their clients/FPIs | Series VI-Depository Operations. May be useful for Clients / FPIs |
| 16 | KYC Registration Agency and their clients/intermediaries | No specific exam or content developed by NISM. There is some content in Series III-A Securities Intermediaries Compliance (Non-Fund). |
| 17 | Merchant Banker and issuers | Series IX-Merchant Banking |
| 18 | Mutual Funds and Mutual Fund Distributors | Series V-A Mutual Fund Distributors |
| 19 | Proxy Advisory and their clients | No specific exam or content developed by NISM. Series III-A Securities Intermediaries Compliance (Non-Fund) may be useful. |
| 20 | Proxy advisors and listed entities | No specific exam or content developed by NISM. Series III-A Securities Intermediaries Compliance (Non-Fund) may be useful. |
| 21 | Registrars and Share Transfer Agents and their clients | Series II-A-Registrars and Share Transfer Agents - Corporate; Series II-B: Registrars and Share Transfer Agents-Mutual Fund |
| 22 | Research Analyst and their clients | Series-XV-Research Analyst |
| 23 | Stockbrokers and their Authorised Persons | Series VII-Securities Operations & Risk Management Series XVI: NISM-Series-XVI: Commodity Derivatives Certification |
| 24 | Trading Members and Clearing Members | Series VII-Securities Operations & Risk Management Series XVI: NISM-Series-XVI: Commodity Derivatives Certification |
| 25 | Vault Managers and beneficial owners | NISM has not developed any content /exam for this category of intermediary |
In cases where NISM has not developed any content/exam for a particular category of intermediary(ies), entity, the neutrals are advised to take up other NISM recommended courses. In addition, for better understanding of Securities Markets by the conciliators and arbitrators, shall consider undertaking classroom / online training programmes conducted by NISM, if any.
They may also consider the course: Mastering Online Dispute Resolution: Navigating Disputes in the Digital Age with Presolv360, available at: https://trainings.presolv360.com