SIF distribution certification now requires Series-V-D, with transitional recognition for existing derivatives certificate holders and continuing compliance oversight. Persons engaged in the sale or distribution of SIF products must hold a valid NISM Series-V-D Mutual Fund-Specialized Investment Fund Distributors Certification, which also permits distribution of mutual fund products without separate Series V-A certification. Persons distributing only mutual fund products must continue to hold Series V-A certification. The Series XIII Common Derivatives Certification requirement for SIF distribution ceases after September 21, 2026, subject to a transitional arrangement for specified existing certificate holders. AMFI and asset management companies must ensure compliance by distributors and agents.
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SIF distribution certification now requires Series-V-D, with transitional recognition for existing derivatives certificate holders and continuing compliance oversight.
Persons engaged in the sale or distribution of SIF products must hold a valid NISM Series-V-D Mutual Fund-Specialized Investment Fund Distributors Certification, which also permits distribution of mutual fund products without separate Series V-A certification. Persons distributing only mutual fund products must continue to hold Series V-A certification. The Series XIII Common Derivatives Certification requirement for SIF distribution ceases after September 21, 2026, subject to a transitional arrangement for specified existing certificate holders. AMFI and asset management companies must ensure compliance by distributors and agents.
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