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<h1>Investment adviser rules updated: revised qualifications, mandatory NISM certification renewal, and transition rules for high volume advisers.</h1> Amendments expand covered persons to include persons associated with investment advice, revise qualification criteria to require a graduate degree or equivalent plus NISM or NISM accredited certification or recognised NISM postgraduate programs, and mandate timely renewal of relevant NISM certification for individual advisers, principal officers, partners engaged in advice, and persons associated with investment advice to ensure continuity of certification requirements.