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SEBI Extends Timeline for Complying with fhe Certification Requirement for the Key Investment Team of the AIF Manager May 13, 2025
Published in: Investment Funds
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In terms of Regulation 4(g)(i) of the Securities and Exchange Board of India (Alternative Investment Funds) Regulations, 2012 (“AIF Regulations”), the key investment team of the manager of an Alternative Investment Fund (“AIF”) is required to have at least 1 key personnel who shall obtain certification from the National Institute of Securities Market by passing the NISM Series-XIX-C: Alternative Investment Fund Managers Certification Examination (“NISM Certification”).
Subsequently, the Securities and Exchange Board of India (“SEBI”), vide its circular dated May 13, 2024, had, inter alia, specified that schemes of AIFs as on May 13, 2024, and schemes of AIFs whose application for launch of scheme were pending with SEBI as on May 10, 2024, may comply with the NISM Certification requirement by May 9, 2025.
SEBI, vide its circular dated May 13, 2025, has now extended the timeline for complying with the NISM Certification requirement from May 9, 2025 to July 31, 2025.
To read the circular click here
For any clarification, please write to:
Mr. Yatin Narang
Partner
[email protected]
