New Delhi: The Securities and Exchange Board of India is going to make a huge change in the certification of financial professionals. This means brokers, advisors, and analysts who assist people in the stock market will henceforth be required to undergo better and more detailed training.
In simple terms, SEBI wants to ensure that whoever handles people’s money in the stock market knows their job. The financial market in India has grown big and complex, especially with online trading, new investment products, and the entry of millions of young investors. So, the regulator feels that it’s time to raise the bar.
The new scheme will introduce hybrid learning-that is, professionals can study both online and offline. There will be new exams with limited opportunities to skip the certification. That will ensure that everyone gets equal training before going into the market.
The quality of services investors receive is bound to improve with this move. It will help build trust because people will know that the professionals handling their money are properly trained and tested.
But this would also imply that people already in the profession will have to put in extra efforts. They may be required to take refresher courses or fresh exams again to keep their qualifications updated. But ultimately, this will make India’s financial system safer and sounder.
