The Securities & Exchange Board of India (SEBI) has notified certification requirements of an associated person functioning as principal officer of a Portfolio Manager under Securities and Exchange Board of India (Certification of Associated Persons in the Securities Markets) Regulations, 2007 vide notification dated September 7, 2021. The certification requirements are as follows:
- Such persons shall obtain certification from the National Institute of Securities Markets by passing the NISM-Series-XXI-B.
- The Portfolio Managers shall ensure that all such persons who obtain the certification by passing the NISM-Series-XXI-B within 2 years from the date of this notification. If a Portfolio Manager employs any such associated person shall ensure that such person obtains certification by passing the NISM-Series-XXI-B: Portfolio Managers Certification Examination within 1 year from the date of their employment.
*Tanvi Singh, Editorial Assistant has reported this brief.