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, NCFM enhances career opportunities for NCFM certified persons.
Some of these modules have regulatory sanctity. For example,
It has been specified by SEBI that all brokers/dealers and sales persons in the derivatives market have to mandatorily obtain certification. Derivatives Market (Dealers) Module of the NCFM has been recognised by SEBI for the purpose.
In order to improve the level of knowledge of market participants, only persons who have passed Capital Market (Dealers) Module of the NCFM are authorised to use the trading system of the National Stock Exchange.
The National Securities Depository Limited has similarly prescribed that all the branches of the depository participants must have at least one person who has qualified the NCFM module on Deposit