SEBI Certification of Associated Persons in the Securities Markets Regulations 2007 [CS Tanveer Singh Saluja]

SEBI Notification No. SEBI/LAD-NRO/GN/2021/48. Dtd. 07th September, 2021

Certification from the National Institute of Securities Markets

The associated persons, engaged by a Portfolio Manager as a distributor of the Portfolio Management Services (PMS), shall obtain certification from the NISM by passing the NISM-Series-XXI-A: Portfolio Management Services (PMS) Distributors Certification Examination (communiqué No. NISM/Certification/Series-XXI-A: Portfolio Management Services (PMS) Distributors Certification Examination/2021/01 dated 16th February, 2021).

The Portfolio Managers shall ensure that the certification is obtained within 2 years from the date of this notification by its existing associated persons who are distributors of the PMS and within 1 year from the date of employment by those who are employed or engaged after the date of this notification.

Exemption: An associated person, who being a distributor of the PMS, has obtained any of the following registration/ certification as on the date of this notification-

a) a valid AMFI Registration Number (ARN)

b) NISM Series-V-A exam certification

Shall be exempted from the requirement of obtaining certification by passing the NISM-Series-XXI-A till the validity of the said registration/ certification

Lex comply

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