SEBI Introduces Lighter NISM Certification for PARS

  • Blog|News|Company Law|
  • < 1 minute
  • By Taxmann
  • |
  • Last Updated on 13 March, 2026

Latest from Taxmann

NISM Series XXV-A certification

Press Release No.16/2026, Dated 11.03.2026

The Securities and Exchange Board of India (SEBI) has introduced a lighter certification requirement for Persons Associated with Research Services (PARS) who are engaged in sales and other non-core activities related to research services.

The revised framework aims to ease compliance requirements while ensuring that such personnel possess a basic understanding of regulatory obligations.

1. New Certification Requirement

Under the revised framework, PARS engaged in sales or other non-core research services must obtain certification by passing the NISM Series-XXV-A examination.

This certification module is designed to be simplified and more relevant for individuals whose roles do not involve core research activities such as preparing or issuing research reports.

2. Transition for Existing Certification Holders

SEBI has also provided a transitional relaxation for individuals who already hold the NISM Series-XV certification.

Such PARS are not required to obtain the new certification immediately. Instead, they may obtain the NISM Series-XXV-A certification upon expiry of the validity of their existing Series-XV certification.

3. Objective of the Revised Framework

The introduction of the lighter certification module aims to:

  • Reduce regulatory burden for personnel involved in non-core research-related activities
  • Ensure appropriate skill and knowledge standards through a simplified certification
  • Align certification requirements with the nature of roles performed by PARS
  • Promote ease of compliance while maintaining regulatory oversight in research services.
Click Here To Read The Full Press Release

Disclaimer: The content/information published on the website is only for general information of the user and shall not be construed as legal advice. While the Taxmann has exercised reasonable efforts to ensure the veracity of information/content published, Taxmann shall be under no liability in any manner whatsoever for incorrect information, if any.

Taxmann Publications has a dedicated in-house Research & Editorial Team. This team consists of a team of Chartered Accountants, Company Secretaries, and Lawyers. This team works under the guidance and supervision of editor-in-chief Mr Rakesh Bhargava.

The Research and Editorial Team is responsible for developing reliable and accurate content for the readers. The team follows the six-sigma approach to achieve the benchmark of zero error in its publications and research platforms. The team ensures that the following publication guidelines are thoroughly followed while developing the content:

  • The statutory material is obtained only from the authorized and reliable sources
  • All the latest developments in the judicial and legislative fields are covered
  • Prepare the analytical write-ups on current, controversial, and important issues to help the readers to understand the concept and its implications
  • Every content published by Taxmann is complete, accurate and lucid
  • All evidence-based statements are supported with proper reference to Section, Circular No., Notification No. or citations
  • The golden rules of grammar, style and consistency are thoroughly followed
  • Font and size that’s easy to read and remain consistent across all imprint and digital publications are applied

Leave a Reply

Your email address will not be published. Required fields are marked *

«
»

Everything on Tax and Corporate Laws of India

To subscribe to our weekly newsletter please log in/register on Taxmann.com

Author: Taxmann

Taxmann Publications has a dedicated in-house Research & Editorial Team. This team consists of a team of Chartered Accountants, Company Secretaries, and Lawyers. This team works under the guidance and supervision of editor-in-chief Mr Rakesh Bhargava.

The Research and Editorial Team is responsible for developing reliable and accurate content for the readers. The team follows the six-sigma approach to achieve the benchmark of zero error in its publications and research platforms. The team ensures that the following publication guidelines are thoroughly followed while developing the content:

  • The statutory material is obtained only from the authorized and reliable sources
  • All the latest developments in the judicial and legislative fields are covered
  • Prepare the analytical write-ups on current, controversial, and important issues to help the readers to understand the concept and its implications
  • Every content published by Taxmann is complete, accurate and lucid
  • All evidence-based statements are supported with proper reference to Section, Circular No., Notification No. or citations
  • The golden rules of grammar, style and consistency are thoroughly followed
  • Font and size that's easy to read and remain consistent across all imprint and digital publications are applied