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Core Purpose

Notification No. SEBI/LAD-NRO/GN/2024/176 mandating certification of key investment team personnel of Alternative Investment Fund Managers under the NISM Series-XIX-C examination.

Detailed Summary

Notification No. SEBI/LAD-NRO/GN/2024/176 dated 10th May 2024, issued by the Securities and Exchange Board of India (SEBI) from Mumbai under regulation 3 of the SEBI (Certification of Associated Persons in the Securities Markets) Regulations, 2007 read with sub-clause (i) of clause (g) of regulation 4 of the SEBI (Alternative Investment Funds) Regulations, 2012, requires at least one key personnel among the associated persons in the key investment team of the Manager of an Alternative Investment Fund to obtain certification from the National Institute of Securities Market (NISM) by passing the NISM Series-XIX-C: Alternative Investment Fund Managers Certification Examination, as announced in NISM communique No. NISM/Certification/Series-XIX-C: Alternative Investment Fund Managers/2024/01 dated 10th January 2024; the notification takes effect on the date of publication in the Official Gazette and is signed by Babitha Rayudu, Executive Director, under ADVT.-III/4/Exty./099/2024-25.

Full Text

REGD. No. D. L.-33004/99 The Gazette of India CG-MH-E-10052024-254151 EXTRAORDINARY PART III-Section 4 PUBLISHED BY AUTHORITY No. 330] NEW DELHI, FRIDAY, MAY 10, 2024/VAISAKHA 20, 1946 SECURITIES AND EXCHANGE BOARD OF INDIA NOTIFICATION Mumbai, the 10th May, 2024 Notification under Securities and Exchange Board of India (Certification of Associated Persons in the Securities Markets) Regulations, 2007. No. SEBI/LAD-NRO/GN/2024/176.—In terms of regulation 3 of the Securities and Exchange Board of India (Certification of Associated Persons in the Securities Markets) Regulations, 2007 read with sub-clause (i) of clause (g) of regulation 4 of the Securities and Exchange Board of India (Alternative Investment Funds) Regulations, 2012, the Board hereby issues the following notification: 1. At least one key personnel, amongst the associated persons functioning in the key investment team of the Manager of an Alternative Investment Fund, shall obtain certification from the National Institute of Securities Market by passing the NISM Series-XIX-C: Alternative Investment Fund Managers Certification Examination as mentioned in the communiqué No. NISM/ Certification/ Series-XIX-C: Alternative Investment Fund Managers/2024/01 dated January 10, 2024 issued by the National Institute of Securities Market. This notification shall come into force on the date of its publication in the Official Gazette. BABITHA RAYUDU, Executive Director [ADVT.-III/4/Exty./099/2024-25]

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