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, have recently announced a strategic collaboration. This alliance aims to foster financial literacy, strengthen capital markets through research initiatives and workshops, and deepen the academia-profession interface.
Both reputable institutions will harness their core capabilities to bridge the capacity and learning gap, ultimately strengthening India’s financial fabric. The MoU also includes plans for capacity building, specialized training programmes, 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.
With a subscriber base across 350+ cities and towns in India, BCAS has been unwavering in its commitment to the development of the profession since its inception in 1949. It aims for professional development by providing its members with extensive opportunities for growth and advancement through a multifaceted approach encompassing learning events, research publications, advocacy, networking, and community initiatives. The organization boasts an exceptional track record in research publications, prominently showcased by the BCA Journal (BCAJ), a sought-after monthly periodical with over five decades of publication.
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 and industry. We are excited to partner with NISM to channel our joint efforts towards further enhancing the financial fabric of our country.
The signing ceremony was followed by a fireside chat on “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. Deepak Trivedi, Chief Partnerships & Marketing Department General Manager, moderated the session.
Adding to this, Shri Sunil Kadam, Registrar, NISM, said:
NISM believes that the professionals are important partners for the regulator to assist in maintaining the integrity of the market. We expect them to come forward and raise concerns about any red flags, malpractices, or system failures they observe, as early detection of such things will save a lot of damage. The collaboration aims to strengthen the professionals’ capacity building to play an essential role in enhancing regulatory compliance. The Indian Capital Markets are rapidly expanding, and new opportunities will be created for young professionals through the joint courses and training offered by NISM and BCAS.
This association is an important milestone toward creating a strong and inclusive financial ecosystem in India. BCAS and NISM believe their cooperation will benefit the financial community and contribute to the nation’s economic prosperity.
