Sebi notifies certification requirements for distributors, staff of portfolio management services
The Hindu
These persons need to obtain certification from the National Institute of Securities Markets (NISM), the regulator said in two separate notifications dated September 7.
Capital markets regulator Securities and Exchange Board of India (Sebi) has put in place certification requirements for associated persons engaged by portfolio managers as distributors or employees having decision-making authority related to fund management. These persons need to obtain certification from the National Institute of Securities Markets (NISM), the regulator said in two separate notifications dated September 7. The associated persons, engaged by a portfolio manager as a distributor of the PMS, and associated persons functioning as principal officers of a portfolio manager or an employee having decision-making authority related to fund management, will have to obtain certification from the NISM by passing the certification examination.
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