Notification under Securities and Exchange Board of India (Certification of Associated Persons in the Securities Markets) Regulations, 2007

On May 10, 2024, the Securities and Exchange Board of India (SEBI) issued a notification, No. SEBI/LAD-NRO/GN/2024/176, concerning the certification to be obtained by the key personnel of the Alternative Investment Funds (AIFs).

•   At least one key personnel within the investment team of an AIF manager must obtain certification from National Institute of Securities Market (NISM).

• The certification must be obtained by passing the NISM Series-XIX-C: Alternative Investment Fund Managers Certification Examination conducted by the NISM.

Source: https://www.sebi.gov.in/legal/gazette-notification/may-2024/notification-of-nism-series-xix-c-alternative-investment-fund-managers-certification-examination-under-securities-and-exchange-board-of-india-certification-of-associated-persons-in-the-securities-ma-_83320.html