SEBI Grants Extended Deadline for AIF Investment Team Certification Requirements Until July 31, 2025

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....SEBI extended the timeline for Alternative Investment Funds (AIFs) to comply with key investment team certification requirements from May 9, 2025 to July 31, 2025. The extension applies to existing AIF schemes and pending scheme applications as of May 10, 2024. The certification requirement mandates at least one key personnel obtain the NISM Series-XIX-C: Alternative Investment Fund Managers Certification Examination. This extension aims to provide regulatory flexibility and ease compliance for the AIF industry, implemented through a circular issued under SEBI's statutory powers to protect investor interests and regulate securities markets.....