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 17 th October, 2007 SECURITIES AND EXCHANGE BOARD OF INDIA (CERTIFICATION OF ASSOCIATED PERSONS IN THE SECURITIES MARKETS) REGULATIONS, 2007 F. No. 11/LC/GN/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) 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. (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; (c) " associated person" means a principal or employee of an intermediary or an agent or distributor or other natural person engaged in the securities business and includes an employee of a 1 [foreign portfolio investor] or a 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; (f) "Continuing Professional Education" (CPE) means any course, programme, training programme, activity, conference, seminar that has been accredited or