THE GAZETTE OF INDIA — THE SECURITIES AND EXCHANGE BOARD OF INDIA ACT, 1992

THE GAZETTE OF INDIA EXTRAORDINARY PART III SECTION 4 PUBLISHED BY AUTHORITY SECURITIES AND EXCHANGE BOARD OF INDIA NOTIFICATION Mumbai; the 17th October; 2007 SECURITIES AND EXCHANGE BOARD OF INDIA (CERTIFICA TION OF ASSOCIA TED PERSONS IN THE SECURITIES MARKETS) REGULATIONS, 2007 F. No. IL/LCIGN/2007/4567. In exercise of the powers conferred by section 30 read with sections 11, 12 and 19 of the Securities and Exchange Board of India Act; 1992 (15 of 1992), the Board hereby makes the following regulations, namely: - CHAPTER I PRELIMINARY Short Title and Commencement: 1. (1) These regulations may be called the Securities and Exchange Board of India (Certification of Associated Persons in the Securities Markets) Regulations, 2007 . (2) They shall come into force on the date of their publication in the Official Gazette. Definitions: 2. (1) In these regulations, unless the context otherwise requires: (a) ~Act" means the Securities and Exchange Board of India Act; 1992 (15 of 1992); b) agent" means any person who is engaged in the activity of sale or distribution of securities on behalf of an issuer or a distributor for a commission or any other consideration; cassociated person" means a principal Or employee of an intermediary O an agent or distributor OT other natural person engaged in the securities business and includes an employee of a '[foreign portfolio investor] Or & foreign venture capital investor working in India; (d) "Board" means the Securities and Exchange Board of India established under section 3 of the Act; (e) "certificate" means the certificate granted by NISM in accordance with these regulations; ~"Continuing Professional Education" (CPE) means any course, programme, training programme, activity, conference, seminar that has been accredited Or approved b