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of <h1>SEBI Mandates NISM Certification for Principal Officers in Fund Management; Compliance Required Within Specified Timeframes.</h1> The Securities and Exchange Board of India (SEBI) issued a notification mandating that associated persons serving as principal officers or employees with decision-making authority in fund management for Portfolio Managers must obtain certification from the National Institute of Securities Markets. They are required to pass the NISM-Series-XXI-B: Portfolio Managers Certification Examination. Existing personnel must complete this certification within two years from the notification date, while newly hired individuals must do so within one year of employment. This regulation is effective from its publication date in the Official Gazette.
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