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of <h1>New NISM Certification Required for Mutual Fund Distributors from June 1, 2010, Replacing AMFI Certification.</h1> The circular mandates that from June 1, 2010, all distributors, agents, or individuals involved in the sale or distribution of mutual fund products must obtain certification from the National Institute of Securities Markets (NISM). This replaces the previous requirement to obtain certification from the Association of Mutual Funds in India (AMFI). Individuals over 50 years old or with at least ten years of experience in the securities markets can either pass the NISM certification exam or qualify through Continuing Professional Education (CPE). Valid AMFI certificate holders expiring between June 1 and December 31, 2010, must meet NISM's CPE requirements by December 31, 2010.
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