SEBI sets certification rules for distributors of Specialized Investment Funds
People distributing Specialized Investment Funds must hold the prescribed NISM certification before selling the product. AMCs and wealth managers should verify staff eligibility before onboarding SIF clients.
What changed
The practical reading
The circular specifies the certification required for intermediaries distributing SIFs. It is relevant to AMCs, distributors, wealth managers and RIAs, and not to firms with no role in SIF advice or distribution.
General applicability
Who should examine this
Example only: AMCs, SIF distributors, wealth managers and RIAs
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Recommended response
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