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of <h1>SEBI Requires Portfolio Management Services Distributors to Pass NISM-Series-XXI-A Exam Within Specified Timeframes.</h1> The Securities and Exchange Board of India (SEBI) issued a notification mandating that associated persons engaged by portfolio managers as distributors of Portfolio Management Services must obtain certification from the National Institute of Securities Markets by passing the NISM-Series-XXI-A: Portfolio Management Services Distributors Certification Examination. Current distributors must achieve this certification within two years, while new hires must do so within one year of employment. Those with a valid AMFI Registration Number or NISM Series-V-A exam certification are exempt until their current certification expires. This notification is effective upon its publication in the Official Gazette.
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