SEBI, NISM and IICA Sign MoU on ESG, Governance and Regulatory Training

Securities and Exchange Board of India (SEBI), National Institute of Securities Markets (NISM) and Indian Institute of Corporate Affairs (IICA) have signed a Memorandum of Understanding (MoU) to collaborate on corporate governance, ESG and capital market-related initiatives, as per a PIB report. 

The agreement was signed in Mumbai on May 19, 2026, in the presence of SEBI Chairman Tuhin Kanta Pandey. NISM was established by SEBI, while IICA operates under the Ministry of Corporate Affairs. 

Capacity Building and Training 

Under the agreement, the institutions will jointly develop certification courses, executive education programmes and training modules linked to securities markets and corporate governance. 

The programmes will include training for SEBI officers and officials from financial sector and regulatory institutions. Areas such as ESG reporting, sustainability disclosures and Business Responsibility and Sustainability Reporting (BRSR) are to form part of the curriculum. 

The collaboration is also focus on responsible investing, sustainable finance and investor education as regulatory requirements around disclosure and governance continue to expand. 

Research and Policy Support 

The 2 institutions will work together on policy studies, research projects and curriculum development in areas connected to capital markets and corporate regulation. 

Topics identified under the MoU include insolvency, valuation standards, board governance, market integrity, and emerging regulatory frameworks. MSME access to capital markets has also been included among the focus areas. 

SEBI Chairman Tuhin Kanta Pandey said this is for supporting a performance-driven governance framework and encouraging evidence-based research in regulatory matters. 

Institutional Cooperation 

The agreement also provides for joint conferences, faculty exchange programmes and publications. Officials said the partnership is intended to strengthen cooperation between the institutions in knowledge-sharing and regulatory training. 

The MoU was signed by Yogita Jadhav, Registrar at NISM, and Dr Garima Dadhich, Head of the School of Business Environment at IICA. NISM Director Sashi Krishnan was present during the signing ceremony. 

Read More: SEBI Proposes New Rules for IPO Opening Prices and Re-Listed Stocks! 

Conclusion 

The collaboration comes amid increased focus on governance standards, sustainability disclosures and responsible business practices across India’s corporate and financial sectors. 

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