SEBI proposes mandatory NISM-Series-XXIV certification for Principal Officers on AML/CFT compliance, with a six-month transition and comments due by 27 November 2026.
Proposed AML/CFT Certification Mandate
SEBI has proposed mandatory Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) certification for Principal Officers of market intermediaries via the NISM-Series-XXIV examination.
The requirement includes a six-month compliance window from final notification. Stakeholders are invited to submit comments by 27 November 2026. The move aligns with global FATF standards and strengthens internal compliance governance frameworks.
This proposal signals a shift toward competency-based regulation in securities markets. Legal advisors should prepare training plans for compliance personnel and ensure documentation protocols meet forthcoming certification audits.
Citations
- SEBI Consultation Paper on AML/CFT Certification, 2026