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The National Institute of Securities Markets, an academic institution established by the stock market regulator, is all set to start operations from its new 70-acre campus at Pathalganga.
"Work has been completed on the residential and hostel facilities while the academic block too is nearing completion," said Sandip Ghose, Director at NiSM. He spoke on the sidelines of an event organised by the Institute of Companies Secretaries of India (ICSI).
Ghose added that the campus is expected to be completed in its entirety by the third quarter of financial year 2015.
The campus has been funded hundreds of crores from the Securities and Exchange Board of India and private contributions. Contributors from the private sector have come from the BSE, the National Stock Exchange (NSE), Deutsche Bank, ICICI Bank, SBI and Canara Bank, Ghose added.
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NiSM is currently based out of Vashi, Navi Mumbai and is constituted as a public trust according to its website.
It consists of six schools including the School for Investor Education and Financial Literacy (SIEFL), the School for Certification of Intermediaries (SCI), the School for Securities Information and Research (SSIR), the School for Regulatory Studies and Supervision (SRSS), the School for Corporate Governance (SCG) and the School for Securities Education (SSE).
Ghose said that the institute has completed 8,000 investors education initiatives in the last four years and functions as the staff college for training officials at both Sebi as well as the PFRDA (Pension Fund Regulatory and Development Authority). It also conducts research programs as well as certifications for financial market intermediaries.
