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Notification under Securities and Exchange Board of India (Certification of Associated Persons in the Securities Markets) Regulations, 2007

Updated: May 14

On May 10, 2024, the Securities and Exchange Board of India (SEBI) issued a notification, No. SEBI/LAD-NRO/GN/2024/176, concerning the certification to be obtained by the key personnel of the Alternative Investment Funds (AIFs).

  •   At least one key personnel within the investment team of an AIF manager must obtain certification from National Institute of Securities Market (NISM).


  • The certification must be obtained by passing the NISM Series-XIX-C: Alternative Investment Fund Managers Certification Examination conducted by the NISM.


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