Multilateral funding agency Asian Development Bank (ADB) has decided to provide technical assistance to National Institute of Securities Markets (NISM), which is being developed by Sebi as a world-class certification centre for markets across Asia.

The technical assistance, according to ADB, would help the institute prepare a blueprint for future growth, besides facilitating establishment of state-of-the-art knowledge and skills through traditional and informal mechanisms.

NISM aims at elevating securities market studies to a well-defined professional discipline based on strong theoretical foundation, accompanied by a structured learning process. It is headed by Sebi Chairman.