SEBI Extends Deadline To July 31, 2025, For AIF Managers To Obtain Mandatory NISM Certification

SEBI Extends Deadline To July 31, 2025, For AIF Managers To Obtain Mandatory NISM Certification

Earlier, Sebi allowed existing AIF schemes as of May 13, 2024, and schemes pending approval (as of May 10, 2024) until May 9, 2025, to obtain this certification.

PTIUpdated: Wednesday, May 14, 2025, 11:20 AM IST
article-image
Markets regulator Sebi on Tuesday extended the deadline to July 31 for the certification requirement for Alternative Investment Fund (AIF) managers. | SEBI

New Delhi: Markets regulator Sebi on Tuesday extended the deadline to July 31 for the certification requirement for Alternative Investment Fund (AIF) managers.

Under the rules, the key investment team of an AIF manager is required to have at least one member certified as specified by Sebi.

From May 10, 2024, the required certification is the NISM Series-XIX-C: AIF managers certification examination.

Earlier, Sebi allowed existing AIF schemes as of May 13, 2024, and schemes pending approval (as of May 10, 2024) until May 9, 2025, to obtain this certification.

"Based on representation received from the AIF industry, and with the objective of providing ease of compliance to the AIF industry, it has been decided to extend the said timeline from May 9, 2025, to July 31, 2025, to obtain the requisite NISM certification," according to a Sebi circular.

This extension is effective immediately, it added.

Disclaimer: This is a syndicated feed. The article is not edited by the FPJ editorial team.

RECENT STORIES

Bengaluru Police Book Ola CEO Bhavish Aggarwal, Senior Executive In Abetment To Suicide Case Of...

Bengaluru Police Book Ola CEO Bhavish Aggarwal, Senior Executive In Abetment To Suicide Case Of...

Festive Rally Pushes Sensex Up 411 Points, Nifty Climbs 133 As Markets Extend Winning Streak

Festive Rally Pushes Sensex Up 411 Points, Nifty Climbs 133 As Markets Extend Winning Streak

India, US Record Headway In Trade Negotiations; Union Minister Piyush Goyal Says No Deal Without...

India, US Record Headway In Trade Negotiations; Union Minister Piyush Goyal Says No Deal Without...

Will Your Loan EMIs Drop Soon? Goldman Sachs Hints At Repo Rate Cut By Year-End

Will Your Loan EMIs Drop Soon? Goldman Sachs Hints At Repo Rate Cut By Year-End

EPFO 3.0 Brings Major Changes To Withdrawal Rules, Enhances Flexibility For Members; Instant Access...

EPFO 3.0 Brings Major Changes To Withdrawal Rules, Enhances Flexibility For Members; Instant Access...