NISM Renews Accreditation of Certified Financial Planner Certification in India

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NEW DELHI: The National Institute of Securities Markets (NISM) has renewed the accreditation of the Certified Financial Planners (CFP) certification program in India.

The Financial Planning Standards Board (FPSB), owner of the Certified Financial Planner certification program, requires accreditation from NISM, according to a press release. This enables CFP professionals offering investment advice to be eligible to register as investment advisers under the standards of the Securities and Exchange Board of India.

NISM reaccredited the 19-year CFP certification program after reviewing the application from FPSB Ltd., which described the board’s mission, reputation, global affiliations, financial strength, and the board’s quality policies and standards in curriculum development and examination administration for the program in India.

NISM’s current accreditation for CFP certification is valid from March 1, 2022 through February 28, 2024 and can be renewed every two years, subject to NISM monitoring and program approval, the statement said.

“FPSB Ltd. is pleased that Indian CFP professionals offering investment advice are eligible to register as investment advisers under the regulations of the Securities and Exchange Board of India,” said Noel Maye, CEO of FPSB Ltd.

“FPSB Ltd. and the community of over 2,300 CFP professionals in India are committed to benefiting the Indian public by establishing, upholding and promoting standards of competence, ethics and practice and certification requirements for CFP professionals and for the financial planning profession in India. Accreditation by NISM strengthens our efforts to attract a new pool of talent to the financial planning profession in India.”

This news follows a recent announcement by the Financial Planning Standards Board that the number of CFP professionals in India grew by 17.6% last year, reaching a total of 2,338 CFP professionals as of December 31, 2021. The growth in India has been consistent with global movement growth, according to the council.

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