NISM EXAM FOR KEY PERSONNEL OF ALTERNATIVE INVESTMENT FUNDS
This notification from the Securities and Exchange Board of India (SEBI) outlines requirements regarding certification for individuals associated with Alternative Investment Funds (AIFs). According to the notification: - Key personnel within the investment team of an AIF Manager must obtain certification. - This certification is to be obtained by passing the NISM Series-XIX-C: Alternative Investment Fund Managers Certification Examination. - The certification requirement is in accordance with the Securities and Exchange Board of India (Certification of Associated Persons in the Securities Markets) Regulations, 2007, and clause (g) of regulation 4 of the Securities and Exchange Board of India (Alternative Investment Funds) Regulations, 2012. This notification aims to ensure a certain level of competence and professionalism among those involved in managing Alternative Investment Funds in India.