It proposes certain amendments to the SEBI (Certification of Associated Persons in the Securities Markets) Regulations (CAPSM Regulations). The key proposals include the expansion of the “Associated Person” definition to cover regulated entities, those “intending to be engaged,” and those involved “directly or indirectly” to encourage wider participation and enhance knowledge. A new method for obtaining the required National Institute of Securities Markets (NISM) certificate is proposed, i.e. successfully completing long-term courses or programs offered by NISM, which would also count for Continuing Professional Education (CPE). Additionally, the method of conducting CPE programs will be expanded to include electronic mode for increased reach and convenience. It also proposes to remove existing exemptions from passing the certification exam previously available to “Principals,” persons over 50 years old, or those with 10 years of experience. The Feedback/ comments from stakeholders are invited.