NCFM Derivatives is NOT VALID EXAM! For Dealers of Stock Brokers from Jan 11,2013 VALID Exam is NISM Series VIII Equity Derivatives Exam – EDCE.

SEBI Notification on NISM-Series-VIII: Equity Derivatives Certification Examination dated January 11, 2013

Accordingly, it is notified that with effect from the date of this notification, the associated persons functioning as approved users and sales personnel of the trading members of an equity derivative exchange or equity derivative segment of a recognized stock exchange shall obtain certification for the purpose of sub-regulation (2) of regulation 16C of the Securities and Exchange Board of India (Stock Brokers and Sub-Brokers) Regulations, 1992 from the National Institute of Securities Market (hereafter referred to as “NISM”) by passing the NISM- Series- VIII: Equity Derivative Certification Examination (hereafter referred to as “EDCE”) as mentioned in the NISM communiqué No. NISM/Certification/Series – VIII: ED/2012/01 dated September 20, 2012.