Mumbai, November 26, 2024: Bombay Chartered Accountants’ Society (‘BCAS’), India’s largest and oldest voluntary professional body of Chartered Accountants, and the National Institute of Securities Markets (‘NISM’) – an education and capacity building initiative of SEBI, today announced a strategic collaboration. This collaboration is aimed at fostering financial literacy, strengthening capital markets through research initiatives and workshops, and deepening the academia-profession interface.

Both organizations of repute shall leverage their core strengths towards bridging the capacity and learning gap thereby improving the robustness of the financial fabric of India. The MoU also includes plans for capacity building, specialized training programs, workshops, research initiatives and similar joint initiatives. These training and development sessions are intended to provide practical exposure and hands-on experience, ensuring participants are well-equipped to navigate the complexities of the securities market.

Speaking on the MoU signing, CA Anand Bathiya, President at BCAS, said, “BCAS has consistently demonstrated its steadfast commitment to the development of professional capabilities within the financial community as well as industry. We are excited to partner with NISM to channelize our joint efforts towards further enhancing the financial fabric of our country.”

Adding to this, Shri Sunil Kadam, Registrar, NISM, said: “NISM believes that the professionals are important partners for the regulator to assist in maintaining integrity of the market and we expect them to come forward and raise a concern about any red-flags, malpractices or system failure which they observe, as early detection of such things will save lot of damages. The collaboration is aimed at strengthening the capacity building of the professionals to play an important role in strengthening regulatory compliance. The Indian Capital Markets are expanding very rapidly and the new opportunities will be created for young professionals thorough the joint courses and trainings offered by NISM and BCAS.”

The signing ceremony was followed by a fireside chat around “Bridging the Trust Deficit in Financial Markets: The Role of Professionals in Strengthening Investor Protection and Market Transparency.” Esteemed speakers included Shri Sunil Kadam, Registrar, NISM and CA Anand Bathiya, President, BCAS. The session was moderated by Mr. Deepak Trivedi, Chief General Manager, Partnerships & Marketing Department.

This partnership marks a significant step towards building a robust and inclusive financial ecosystem in India. BCAS and NISM are confident that this collaboration will benefit the entire financial community and contribute to the nation’s economic prosperity.