Securities and Exchange Board of India (Certification of Associated Persons in the Securities Markets) Regulations, 2007 – Investment Adviser Certifications Examination

SEBI notifies that an individual investment adviser or principal officer of a non-individual investment adviser, persons associated with investment advice and the partners of an investment adviser being a partnership firm, who are engaged in providing investment advice:

1. Shall obtain certification(s) from the National Institute of Securities Markets by passing the NISM-Series-X-A: Investment Adviser (Level 1) Certification Examination.
2. Shall in order to ensure continuity in the compliance with the certification requirements, before expiry of the validity of the existing certification, obtain the certification by passing.