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The Securities and Exchange Board of India amended its 2007 regulations governing certification of associated persons in securities markets. The amendment allows the Board to specify categories of associated persons required to obtain certification for engagement with intermediaries and removes certain prior notification requirements. It clarifies that existing notifications remain effective until rescinded and updates language regarding Board specifications. The amendment mandates that associated persons engaged in specified activities must hold a valid certificate issued by the Board to continue such engagement. These changes aim to streamline certification requirements and enhance regulatory oversight of associated persons in securities markets.
The Securities and Exchange Board of India amended its 2007 regulations governing certification of associated persons in securities markets. The amendment allows the Board to specify categories of associated persons required to obtain certification for engagement with intermediaries and removes certain prior notification requirements. It clarifies that existing notifications remain effective until rescinded and updates language regarding Board specifications. The amendment mandates that associated persons engaged in specified activities must hold a valid certificate issued by the Board to continue such engagement. These changes aim to streamline certification requirements and enhance regulatory oversight of associated persons in securities markets.
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