Certification requirement for mutual fund distributors: NISM examination mandated, with transitional CPE option for experienced or senior distributors. Persons engaged in the sale and distribution of mutual fund products must obtain valid certification by passing the NISM certification examination; distributor registration remains required after certification. Senior or experienced persons may alternatively meet specified Continuing Professional Education (CPE) requirements in lieu of passing the examination. Transitional provisions permit holders of the prior industry certificate whose validity expires within the transition window to comply with NISM CPE requirements by the end of the transition period, while others must comply before their certificate expiry.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Certification requirement for mutual fund distributors: NISM examination mandated, with transitional CPE option for experienced or senior distributors.
Persons engaged in the sale and distribution of mutual fund products must obtain valid certification by passing the NISM certification examination; distributor registration remains required after certification. Senior or experienced persons may alternatively meet specified Continuing Professional Education (CPE) requirements in lieu of passing the examination. Transitional provisions permit holders of the prior industry certificate whose validity expires within the transition window to comply with NISM CPE requirements by the end of the transition period, while others must comply before their certificate expiry.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
