Ease of Doing Business – Relaxation in certification requirement for Persons Associated with Investment Advice (PAIA) – Sales and other non-core services
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Lighter NISM certification for sales and non-core investment staff, with existing certifications temporarily recognised. Persons Associated with Investment Advice who perform only sales and other non-core services are subject to a lighter NISM certification regime and must pass the NISM Series-XXV-B examination. PAIA not covered by that category must continue with the NISM Series-X-A and Series-X-B examinations. Existing holders of the Series-X-A and Series-X-B certifications need not obtain Series-XXV-B immediately and may do so before their current certifications expire.
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.
Lighter NISM certification for sales and non-core investment staff, with existing certifications temporarily recognised.
Persons Associated with Investment Advice who perform only sales and other non-core services are subject to a lighter NISM certification regime and must pass the NISM Series-XXV-B examination. PAIA not covered by that category must continue with the NISM Series-X-A and Series-X-B examinations. Existing holders of the Series-X-A and Series-X-B certifications need not obtain Series-XXV-B immediately and may do so before their current certifications expire.
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