ICMAI Invites CMAs to Join SEBI Task Force: A Unique Opportunity to Contribute to Securities Market Education
ICMAI, the Institute of Cost Accountants of India in a significant move to strengthen the Indian securities market’s educational framework, has extended an invitation to Certified Management Accountants (CMAs) to submit an Expression of Interest (EOI). The purpose? To join a specially constituted SEBI Task Force that will help shape a new National Institute of Securities Markets (NISM) certification course.
This initiative is part of a broader effort by the Securities and Exchange Board of India (SEBI) to standardize and enhance the quality of compliance audits carried out by professionals who verify SEBI-registered intermediaries. The task force aims to bring together a team of financial experts—CMAs, Chartered Accountants (CAs), and Company Secretaries (CSs)—to design the course structure, curriculum, and evaluation parameters for the upcoming NISM certification.
What Is This All About?
The newly proposed task force will play a pivotal role in framing the educational modules that will help prepare professionals in internal auditing, regulatory compliance, and securities market practices. These modules will eventually be part of a new NISM certification course, which is being developed to raise professional standards in the auditing of SEBI-registered entities.
The certification will serve as an essential qualification for auditors working with SEBI Registered Intermediaries—the entities that serve as the communication link between investors and the securities market. As SEBI continues to place a stronger emphasis on compliance and transparency, having a qualified and knowledgeable audit force becomes all the more important.
Who Can Apply?
ICMAI is seeking qualified CMAs with relevant experience, particularly those who have worked in internal audit roles with SEBI-registered intermediaries. These professionals are encouraged to showcase their interest and expertise by submitting an Expression of Interest (EOI). It’s important to note that this EOI is not a binding contract, but rather a way for ICMAI to gauge interest and shortlist potential contributors.
The last date to apply is June 27, 2025. Interested CMAs can send their EOIs to the official ICMAI email address: iaasb@icmai.in.
Why This Matters
For practicing CMAs, this opportunity offers more than just professional recognition. Being part of the SEBI task force means playing a direct role in shaping India’s financial and regulatory education system. It’s a chance to contribute towards strengthening the ecosystem that governs investor protection and market integrity.
Moreover, contributing to the development of a national-level certification program offers tremendous learning and networking opportunities. Task force members will work alongside CAs, CSs, and regulatory experts, gaining insights into the evolving landscape of securities market regulations and compliance.
What Will the Task Force Do?
The task force will be responsible for:
- Designing the framework of the NISM certification course.
- Curating and reviewing the curriculum content.
- Setting evaluation standards and testing formats.
- Providing feedback and suggestions based on real-world auditing practices and regulatory expectations.
SEBI has also constituted a Knowledge Committee of subject-matter experts to assist in this effort, ensuring that the final course is both academically sound and practically relevant.
A Collaborative Effort Towards Better Governance
This is a promising initiative that shows how different arms of the financial and regulatory community can come together to create impactful change. By collaborating with professionals from CA and CS backgrounds, CMAs will help ensure that the certification course is holistic and aligned with the needs of India’s rapidly evolving financial market.
For CMAs passionate about education, regulation, and the future of India’s capital markets, this is a golden opportunity to contribute meaningfully.
If you’re a CMA with relevant audit experience in SEBI-registered intermediaries and a passion for raising the bar in professional education, don’t miss this chance. Submit your Expression of Interest by June 27, 2025, to iaasb@icmai.in, and be part of a pioneering team shaping the next generation of securities market professionals.
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