At Least One KMP Among Associated Persons Functioning as AIF Manager Must Obtain Certification From NISM | SEBI
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Notification No. SEBI/LAD-NRO/GN/2024/176; Dated: 10.05.2024
SEBI has notified an amendment to Regulation 3 of the SEBI (Certification of Associated Persons in the Securities Markets) Regulations, 2007. It states that at least one key managerial personnel (KMP), amongst the associated persons functioning in the key investment team of the Manager of an AIF, must obtain certification from the National Institute of Securities Market (NISM) by passing the NISM Series-XIX-C: Alternative Investment Fund Managers Certification Examination issued by NISM.
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