SEBI vide its Gazette Notification dated May 31, 2010 has notified that with effect from
June 1, 2010 all the distributors, agents, any persons employed or engaged or to be
employed or to be engaged in the sale and/ or distribution of Mutual Fund Products
shall be required to have a valid certification from the National Institute of Securities
Market (NISM) by passing their certification examination 'NISM Series V-A : Mutual
Fund Distributors Certification Examination'. For further details as well as for study
material, which can be downloaded, please log on to the website of NISM www.nism.ac.in.
It is further notified that if the said associated person possesses a valid AMFI Mutual Fund (Advisors) Module Certificate obtained before June 1, 2010, he shall be exempted from the requirement of the abovementioned NISM Certification Examination.