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of <h1>Mutual Fund Employees and Agents Must Complete Certification by September 30, 2004; Exemptions for Those Over 50.</h1> The circular mandates that all employees of mutual funds and Asset Management Companies (AMCs) involved in sales, marketing, and investor interactions must complete a certification process by September 30, 2004. Employees over 50 are exempt from the test but must attend a refresher course. Agents and distributors over 50 with at least five years of experience as of September 30, 2003, are also exempt from the test but must attend the refresher course. Previously exempt individuals remain exempt. These guidelines align with SEBI (Mutual Funds) Regulations, 1996.
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