SEBI notifies requisite certification for people associated with portfolio management
IANS 13 September 2021
Capital market regulator SEBI has notified certification requirements for the distributor and employees of portfolio management services.
 
As per the regulator, "the associated persons, engaged by a portfolio manager as a distributor of the portfolio management services, shall obtain certification from the National Institute of Securities Markets by passing the NISM-Series-XXI-A: Portfolio Management Services (PMS) Distributors Certification Examination".
 
The portfolio managers will ensure that that all such associated persons who are distributors of the Portfolio Management Services as on the date of this notification obtain the certification by passing the Portfolio Management Services (PMS) Distributors Certification Examination within two years from the date of the notification.
 
The recent SEBI notification said that portfolio manager, who engages or employs any such associated person who is a distributor of the Portfolio Management Services, after the date of the notification, shall ensure that such person obtains certification by passing the Portfolio Management Services (PMS) Distributors Certification Examination within one year from the date of their employment.
 
Another notification said that the associated persons functioning as principal officer of a Portfolio Manager or employees of the Portfolio Manager having decision making authority related to fund management, shall obtain certification from the National Institute of Securities Markets by passing the "NISM-Series-XXI-B: Portfolio Managers Certification Examination".
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.
Comments
When Policy-makers and Judiciary Fail To Understand Basics of Regulation and Accountability
Sucheta Dalal, 11 September 2021
The more you look for change, the more hopeless it makes you feel. If two court orders, discussed in my previous column (Videocon and Supertech Orders: Blip in a Bleak Landscape or Harbinger of Change?) held out a ray of hope last...
Streamlining CIRP: IBBI Seeks Comments on Code of Conduct for CoC, Restrictions on Resolution Plan Requests
Moneylife Digital Team 09 September 2021
On several occasions, questions have been raised in various fora about the action of the committee of creditors (CoC) being detrimental to objectives of the Insolvency and Bankruptcy Code (IBC). Due to this, there is an urgent need...
UCO Bank out of Prompt Corrective Action framework
IANS 09 September 2021
The Reserve Bank of India (RBI) has taken out UCO Bank from the Prompt Corrective Action (PCA) framework and lifted the restrictions.
 
The decision, however, is subject to certain conditions and continuous...
Rajasthan govt imposes Rs27 lakh fine on VodafoneIdea in data leak case
Archana Sharma (IANS) 08 September 2021
In its first case it has heard and dealt with under the IT Act 2000, the Rajasthan government on Monday imposed a fine of Rs 27 lakh on telecom company Vodafone Idea Ltd (VIL) on a data leak matter.
 
Officials told IANS...
Free Helpline
Legal Credit
Feedback