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Why NCFM? The financial markets are going to be the turf of certified professionals very soon due to regulatory compulsions and/or initiatives of the industry. By imparting comprehensive knowledge and skill in the chosen field, NCF enhances career opportunities for NCF certified persons. !ome of these modules have regulatory sanctity. For e"ample, #t has been specified by !$B# that all brokers/dealers and sales persons in the derivatives market have to mandatory obtain certification. %erivatives arket &%ealers' odule of the NCF has been recogni(ed by !$B# for this purpose. #n order to improve the level of knowledge of market participants, only persons who have passed Capital arket &%ealers' odule of the NCF are authori(ed to use the trading system of the National !tock $"change.

The National !ecurities %epository )imited has similarly prescribed that all the branches of the depository participants must have at least one person who has *ualified the NCF module on %epository +perations. !$B# recommends !urveillance e"changes. odule for the officers working in surveillance departments of stock

!$B# has made it mandatory for all mutual funds to appoint agents/distributors who have obtained certification in , F# - utual Funds odules. The e"isting and new employees of mutual funds, particularly those who are involved in sales and marketing, are encouraged to pass the certification in , F# - utual Funds odules. The NCF .rogramme Taking into account international e"perience and the needs of the #ndian financial markets, with a view for protecting interests of investors in financial markets and more importantly, for minimi(ing risks of losses arising out of deficient understanding of markets and instruments, National !tock $"change introduced in /001 a facility for testing and certification by launching N!$2s Certification in Financial arkets &NCF '. NCF is an online testing system, a revolutionary concept in administration of e"aminations and the only one of its kind today in the country. #t tests the practical knowledge and skills re*uired to operate in the financial markets in a secure and unbiased manner and awards certificates based on relative merits thus ensuring that the caliber of persons entering this field is kept high in the best interests of a mature and vibrant market. The entire process of testing, assessing and scores reporting in the NCF is fully automated. The system is operated through an intranet facility by using a central 3orld 3ide 3eb server with terminals located at each of the designated test centers to be used as an e"amination front end. Communication between the central server and the test centers is achieved through 4!,T/leased line network. The Test is also offered through the #nternet to enable candidates outside the designated test centers to take tests at their convenience. This allows fle"ibility in terms of testing centers, dates and timing and provides easy accessibility and convenience to candidates. The easy accessibility as well as fle"ibility involved in the NCF programme has resulted in its wider acceptance among market intermediaries, students and regulators. NCF currently tests e"pertise in the following modules. currently tests e"pertise in the following modules5

NCFM Modules 5 NCF

/. Financial arkets5 , Beginners2 odule 6. !ecurities arket &Basic' odule 7. Capital arket &%ealers' odule 8. %erivatives arket &%ealers' odule 9. F# %,-N!$ %ebt arket &Basic' odule :. N!%) - %epository +perations odule ;. Commodities arket odule 1. , F# - utual Fund &Basic' odule 0. , F# - utual Fund &,dvisors' odule /<. !urveillance in !tock $"changes odule //. Corporate =overnance odule /6. Compliance +fficers &Brokers' odule /7. Compliance +fficers &Corporate' odule /8. #nformation !ecurity ,uditors odule &.art-/' #nformation !ecurity ,uditors odule &.art-6' /9. odules of Financial .lanning !tandards Board #ndia /:. #nvestment Banking ,nalyst odule

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Financial Markets: A Beginners' Module This module has been prepared for those who are keen to ac*uire some basic but key information about the stock markets as an initial step towards becoming a more informed investor. This module will act as a means of satisfying some of the initial *ueries on the stock markets and has been prepared with the ob>ective of introducing the functioning and role of the financial markets in #ndia to all those interested in this topic Securities Market (Basic) Module This module e*uips the candidates with the knowledge and fundamentals of the securities market as a whole. Capital Market ( ealers) Module This module e*uips the candidates with the knowledge and skills re*uired for dealers in the capital market operations. eri!ati!es Market ( ealers) Module !$B# Committee on ?@egulatory Framework for Financial %erivatives in #ndiaA had recommended that all brokersmembers and sales persons/dealers in the derivatives market must pass a certification programme. Based on the CommitteeAs recommendations, !$B# issued guidelines for the conduct of the certification e"amination. The %erivatives arket &%ealers' odule certifies brokers-members and sales persons/dealers in the derivatives market. Candidates have the option to take the test in $nglish or =u>arati language. The workbook for the module is available in $nglish only. For details please click here. F"MM A#NS$ e%t Market (Basic) Module This module e*uips the candidates with the knowledge and skills re*uired in debt market operations. NS & # epository 'perations Module This is an initiative of N!%) to accelerate the pace of professionalisation of the depository operations. This module e*uips the candidates seeking employment with depository participants and thereby helps in fast demateriali(ation of securities. Co((odities Market Module The module e*uips the candidates with the knowledge and skills re*uired for dealers in Commodities
AMF" # Mutual Fund (Basic) Module AMF" # Mutual Fund (Ad!isors) Module

arket

odule

These two modules have been developed by ,ssociation of utual Funds in #ndia to build a cadre of mutual fund advisors and disseminate knowledge about the working of the mutual funds.
)he study (aterial *or these t+o (odules is a!aila%le *or sale at AMF"'s o**ice:

ASS'C"A)"'N 'F M,),A& F,N S "N "N "A -./0 1A2$3A C$N)1$0 F1$$ 41$SS 3',1NA& MA150 NA1"MAN 4'"N)0 M,MBA" # 6.. .789 )elephone Nos9: ::8. 8;;:<-0 77;- :==;</ Fa> Nos9: ::8. 8;;/ < ::8. 8/8: $#(ail: a(*i?%o(@9!snl9net9in Sur!eillance in Stock $>changes Module This module has been developed pursuant to the desire of the #nter-$"change arket !urveillance =roup of !$B# to have a certified training programme for the surveillance staff of the stock e"changes. The module seeks to e*uip the surveillance staff with the art and science of surveillance in the stock market transactions. Corporate 5o!ernance Module This module has been >ointly developed by National !tock $"change of #ndia )imited &N!$#)' and The #nstitute of Company !ecretaries of #ndia &#C!#' to strengthen knowledge on Corporate =overnance. Study Material The study material for this module is available at the following #C!#As offices5 /. #C!#-Centre for Corporate @esearch B Training .lot No. /</, !ector /9, #nstitutional ,rea, CB% Belapur, Navi umbai 8<<:/8 .hone - 6;9;;1/8 - /:, $"tn. 8<:. Fa" no. 6;9;8718 $-mail ccrtCicsi.edu, ccrtCvsnl.com.

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6. 3estern #ndian @egional Council &3#@C' of the #C!# /7 Dolly akers Chambers - ##, First Floor, Nariman .oint, umbai 8<<<6/ .hone 66<8;9:0, Contact person5 r. ani Fa" No. 6619</<0 $-mail5 wiroCicsi.edu Co(pliance '**icers (Brokers) Module Co(pliance '**icers (Corporate) Module arket intermediaries need to have comprehensive knowledge and a proper understanding of the ,cts governing the !ecurities arkets, @ules and @egulations of the $"change, )isting .rocedures, etc. , proper understanding and knowledge of these rules and regulations would enable an organi(ation to adhere to the re*uired compliance standards and not fall short of meeting any e"isting guidelines. Compliance +fficers modules tests the candidates on their knowledge of the relevant rules, regulations and guidelines governing the securities markets and corporate. Candidates are re*uired to refer to the relevant books, circulars, manuals etc., as per the given curriculum, on their own. No study material will be provided for the Compliance +fficers odules. "n*or(ation Security Auditors Module (4art#8) "n*or(ation Security Auditors Module (4art#7) #nformation security is gaining in importance in todayAs corporate environment where a vast amount of information is being processed by organi(ations on a day to day basis. , well defined, ob>ective, information security audit should form a part of every organi(ationAs policy. Confidentiality, integrity and timely availability of information are critical, for implementing efficient business processes. ,n information security audit is one of the best ways to determine the security of an organi(ationAs information. #nformation security is not >ust technology related security but much more than that, covering physical and environmental security, access controls, business continuity planning etc. , timely and comprehensive assessment of information security systems and policies within the organi(ation helps in avoiding the cost and other associated damages of a future security incident. $ven today, it is possible to find a number of organi(ations where a written security policy does not e"ist. 3hen security practices are unwritten or informal, there is a greater risk of them being misinterpreted or ineffectively e"ecuted leading to a costly breach or security lapse which could have severe ramifications for an organi(ation. The #nformation !ecurity ,uditors odule has been developed for those involved with or interested to know about information security related issues in the financial markets. The module consists of two parts5 #nformation !ecurity ,uditors odule &.art-/' and #nformation !ecurity ,uditors odule &.art-6' of 6 hours duration each. +n successfully clearing both the parts, a candidate would be provided with a 2Certified #nformation !ecurity ,uditor for Financial arkets2 certification. The module is being developed with the assistance of i!ec !ervices .vt. )td. &i!ec', which is an information security consulting company providing information security compliance, assurance, audit, training etc. Contact details o* iSec Ser!ices 4!t9 &td9 %elhi5 B ///1/<, 4asant Eun> New %elhi - //< <;< Telefa"5 &<//' 6:/677:0 umbai5 B /<6, .atliputra CF! 8, Bungalows umbai - 8<< <97 Telefa"5 &<66' 6:7<<6<0 $mail5 contactusCisec.co.in 3ebsite5 www.isec.co.in Modules o* Financial 4lanning Standards Board "ndia Currently, tests in four modules of F.!B #ndia are conducted bi-monthly. For applying for the said test&s', contact F.!B #ndia at5 Tel. Nos. &<66' ::::76:1 / ::::77/8 email5 infoCfpsbindia.org website5 http5//www.fpsbindia.org

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"n!est(ent Banking Analyst Module .rofessional %evelopment .rogram in #nvestment Banking ,nalysis is developed by # ! .roschool, a leading education service provider in #ndia to build in-depth financial modeling skills and understanding of #nvestment banking. The certification e"amination will be conducted 7 times in a year - February, ay and November. The registration for the e"amination is to be done at # ! .roschool Centers across #ndia. For details please contact5 .roschool # ! )earning @esources :th Floor NC) Building, $-Block Bandra Eurla Comple" umbai 8<<<;/ Tel5 <07;6109<9< $mail5 kaushikCimsindia.com 3ebsite5 http5//proschool.imsindia.com/iba.html )est etails !r. No. / 6 7 8 9 : ; 1 0 /< // /6 /7 /8 Total odule Fees &@s.' 9<< /<<< /<<< /<<< /<<< /<<< /6<< /<<< /<<< /<<< /<<< /<<< /<<< /9<< Test %uration &in minutes' :< /<9 /<9 /6< /6< ;9 /6< 0< /6< /6< 0< /6< /6< /6< No. of Guestions 9< :< :< :< :< :< :< :6 ;6 9< /<< :< :< 0< a"imum arks /<< /<< /<< /<< /<< /<< /<< /<< /<< /<< /<< /<< /<< /<< Certificate .ass 4alidity arks &H' &in years' 9< :< 9< :< :< :< K 9< 9< 9< :< :< :< :< :< 9 9 9 7 9 9 7 No limit 9 9 9 9 9 6

Name of

odule

Financial arkets5 , BeginnersA odule !ecurities Capital arket &Basic' odule

arket &%ealers' odule

%erivatives arket &%ealers' odule I F# %,-N!$ %ebt arket &Basic' odule N!%)J%epository +perations odule Commodities arket odule , F#- utual Fund &Basic' odule , F#- utual Fund &,dvisors' odule !urveillance in !tock $"changes odule Corporate =overnance odule Compliance +fficers &Brokers' odule Compliance +fficers &Corporate' odule #nformation !ecurity ,uditors odule &.art-/'

K Candidates securing 1<H or more marks in N!%)-%epository +perations For %erivatives arket &%ealers' odule, Capital arket &%ealers'

odule +N)L will be certified asMTrainers2. arket &Basic' odule,

odule, !ecurities

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F# %,-N!$ %ebt arket &Basic' odule, !urveillance in !tock $"changes odule, ,pplication Fee - @s. 69<, $"amination Fee - @s. 6<<, !tudy aterial Fee - @s. 99<N for Commodities arket odule, ,pplication Fee - @s. 69<, $"amination Fee - @s. 8<<, !tudy aterial Fee - @s. 99<N for Financial arkets 5 , Beginners2 odule, ,pplication Fee - @s. 69<, $"amination Fee - @s. /<<, !tudy aterial Fee - @s. /9<N For N!%) - %epository +perations odule, , F# - utual Fund &Basic' odule, , F# - utual Fund &,dvisors' odule, Corporate =overnance odule, Compliance +fficers &Brokers' odule, Compliance +fficers &Corporate' odule, the total module fees are @s./<<</ per test. Welco(e to NCFM 'nline 1egistration NCF is an online testing system, a revolutionary concept in administration of e"aminations and tests the practical knowledge and skills re*uired to operate in the financial markets. #t conducts tests in a secure and unbiased manner and awards certificates based on relative merits, thus ensuring that the caliber of persons entering this field is kept high in the best interests of a mature and vibrant market. To continue with our endeavor to provide innovative solutions, N!$ has launched NCF +n-line @egistration and $nrollment &NCF -+@$' facility. Features o* 'n#line registration: +n-line registration and access for updating candidate profile. %ifferent modes for payment of fees. ,bility to schedule tests for any $"change specified test centers as per re*uirement. =eneration of Fall ticket B checking of account balances. Modes o* 4ay(ent 3hen you select for +n-line payment, a screen will appear on the desktop. $nrollment for a test is possible only after payment of fees. Fence a payment must be made to be able to enroll for a test. 4ay(ent %y Credit Card < e%it Card #f you choose to pay by credit card / debit card a service charge of 6.7H is applicable. Lou can make payments for multiple modules by selecting each module using Ctrl-key. The fees will be calculated and the Total amount to be paid will be displayed. +n clicking on the submit button, the screen will be directed to a secure payment gateway. , message bo" will appear.

Please keep your credit card / debit card ready and enter all details as requested. On confirmation of a successful transaction a screen will appear. An e-mail messa e will also be sent to t!e candidate confirmin receipt of fees and status of dispatc! of study material
4ay(ent %y Cash #f the candidate chooses to pay by cash, he needs to click the Cash facility available on the desktop screen. Candidate can select multiple modules and a confirmation bo" will appear which will alert the candidate to the no. of modules selected. +nce the candidate confirms the modules, the cash deposit will be generated and the candidate will have to print the same immediately. .lease note that before you generate deposit slipN please ensure that the system is connected to the printer. )he candidate needs to print the deposit slip and !isit the Bank Branch gi!en in the link9 /. .lease print 6 copies of the deposit slip.

6. +ne copy has to be submitted to the Bank and one copy of the deposit slip should be retained by the candidate after receiving the duly stamped acknowledgement from the Bank pay-in branch. 7. 8. .lease fill the date of deposit, the denomination of currency and sign the deposit slip. .lease do not tamper with any details, given on the face of the deposit slip.

9. Lour cash payment has to be deposited at the specific Bank Branches along with the deposit slip, please refer to the link provided. :. .lease note the above process is only for cash deposit and che*ues will not be accepted.

;. The credit for the cash deposited will be received only the ne"t day after /5<< p.m. For cash deposit completed on a Friday or !aturday, the credit will be received on onday. !imilarly for $"change specified holidays, the credit will be received only on the ne"t working day.

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1. ,n email message will be sent to the candidates confirming receipt of fees and status of dispatch of study material. +rder !tudy aterial &only for Cash payments made prior to /6 %ecember, 6<<;' The credit of the cash deposit will be received by the candidate only after /75<< hrs the ne"t working day. ,fter the credit has been received the user can log into his account and enroll for the test. .lease note NCF 5 !tudy aterial @e*uest process &in case of cash payments' has been automated. Candidates, who have made cash payments w.e.f. /6 %ecember, 6<<; need not re*uest for the study material. The course material for the module/s &e"cept , F#- utual Fund odules, Corporate =overnance odule and Compliance +fficers odules' re*uested by the candidates, at the time of generating the deposit slip, will be dispatched by courier/post within ; working days. #n case the same is not received within the given time frame, please contact /s. Transworld Couriers on Tel nos. <66-67;<:<90/:</://:6. Candidates are re*uested to select the correct module at the time of generating deposit slip. "(portant: Candidates, who have made cash payments prior to /6 %ecember, 6<<; and not yet re*uested for the study material are advised to use the link of 2!tudy aterial @e*uest2 for obtaining the study material. $nroll(ents *or an NCFM )est Before enrolling for a test, an on-line payment is to be made. ,fter the payment has been completed/ credit received, the candidate can enroll for the test of his choice as per the availability. To find out the availability of test at a center select the $nrollment link and the following screen will appear. !elect the correct module details &only / at a time'. The candidate can specify the Test Center and the range from date and to date of a test date he desires to be able to decide on a test date at a particular N!$#) Branch. &For tests at Non-N!$ locations you are re*uested to get in touch with the nearest N!$#) Branch office'. +n selecting a date range a screen will appear as usual, e.g. <6-Dan-6<<: to 7-Dan-6<<: at Test Center E+)E,T,. The candidate can choose a time slot for which he wishes to enroll and a similar screen will appear. This screen is O@$GP$!T C+NF#@ ,T#+NO of the test. +n selecting the OConfirmO button a message bo" will appear. +nce the +E button is selected, candidate re*uest will be processed and no changes will be possible thereafter. 2all )icket , Fall ticket with the photograph will appear in another window. .lease print the hall ticket and carry it with you for the test. ,lso, please carry a proof of identity &and photograph if the same has not been uploaded by you while enrolling'. #f photo-upload has not been successful, please paste a recent colour passport si(e photographs in the space provided. &.olaroid photographs will not be allowed'. %o not staple the photograph. .lease carry 6 copies of the Fall ticket with you and submit the original with your photograph attached to the test administrator. .lease read all the instructions given on the hall ticket. 4hoto#,pload ,ll candidates are re*uested to upload their photographs to be able to ascertain identity. The photograph may be scanned and cropped to fit the dimensions 7 Q 7 cms or / Q / inch or /9< Q /1< pi"els on the system. The ma" file si(e of the photo can be 6< Eb. .hotograph can either be clicked by a digital camera/camera phone or web camera and the file may be transferred on to the computer. The file has to be saved as .>peg format. However, Polaroid photographs are not allowed. Lou may seek the services of any cybercafR /web stores etc that offer %igital printing services. The photograph will be displayed on the screen. , message confirming that photo-upload has been successful will be displayed. .lease note photo upload once completed cannot be changed.