“With effect from June 1... associated person, i.e. distributors, agents, or any person engaged in the sale of MF products, shall be required to have a valid certification from NISM,” Sebi said in a notification.
The notice added that if the said person possesses a valid certificate of the AMFI Mutual Fund (Advisors) Module before June 1, he would be exempted from the requirement of having an NISM certificate.
NISM is a public trust set up by Sebi as an autonomous body.
Published 31 May 2010, 15:01 IST