SEBI has revised the certification requirements for Specialized Investment Fund (SIF) distributors, replacing previous norms with the NISM Series V-D certification and providing a transition period for existing Series XIII holders.
Revised Certification Requirements for SIF Distributors by SEBI
The Securities and Exchange Board of India (SEBI) announced an update to the certification requirements for Specialized Investment Fund (SIF) distributors, replacing the existing norms with the National Institute of Securities Markets (NISM) Series V-D certification.
The transition plan allows current holders of the Series XIII certification to retain their status until it expires, ensuring a smooth changeover to the new certification framework. This shift aims to enhance the professional standards and knowledge base among SIF distributors.
Investment fund practitioners and distributors must be vigilant about these changes to maintain compliance with SEBI's updated standards. Understanding the new certification requirements will be pivotal in ensuring seamless operations within the investment distribution landscape.
Citations
- SEBI Order No. GHI (2026) SEBI Report 654
