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Press Release
 
AMFI LAUNCHES CERTIFICATION EXAMS IN REGIONAL LANGUAGES
 
Progress of Certification Programme
 
Examination Schedule from August 20th to September 30th.
 
Registration With AMFI
 
 

A.P. Kurian, Chairman AMFI announced the launching of AMFI Certification examination for agents/brokers in 5 different regional languages.

AMFI examination in Gujarathi, Marathi,Bengali, Tamil and Telugu

The first offering was in Gujarathi and this will be followed by Marathi, Bengali, Tamil and Telugu. AMFI has taken this initiative in order to help the agents in small cities and semi urban areas to qualify themselves. Already examinations in Hindi are offered nationwide, in addition to English. With this added facility, it is expected that the remaining individual agents would get themselves qualified before the deadline of September 30, 2003 fixed by SEBI.

 
 

Progress of Certification Programme

Giving the details of the progress of certification programme, Shri Kurian mentioned that the programme was launched in July 2000 on a voluntary basis which has been made mandatory since September 2001. While the computer based test is conducted by NSE at its 6 centres on all the working days and also in other selected centers periodically, AMFI has mandated Indian Institute of Capital Markets (IICM) to conduct manual test since July 2002. So far 305 tests have been conducted in 90 cities. In addition, AMFI has arrangements with Institute of Banking Personnel Selection (IBPS), which is conducting tests at 20 centres across the country on Sundays since January 2003. So far IBPS has conducted 162 tests. Till date 44,000 agent distributors have appeared for the tests across the country.

 

Examination Schedule from August 20th to September 30th.

During the period from August 20 to September 30, 2003, AMFI has made arrangements through IICM in 60 centres and through IBPS in 21 centres on 3 Sundays to conduct examinations. The schedule of this programme is given in the AMFI website www.amfiindia.com. In addition, the 6 centres of NSE will be providing testing facilities on all working days.

 

Registration With AMFI

Shri Kurian further informed that the agent distributors qualified as above are also required to register with AMFI in terms of SEBI circular of November 2002. To facilitate all the agent distributors through out the country to get registered with AMFI, the services of Computer Age Management Services Ltd. (CAMS) have been retained who will be accepting the application forms for registration at 23 centres, the list of which is available on the AMFI website. So far 11,000 agents, brokers including employees of corporate agents have registered with AMFI

Agent distributors, sub-brokers and all those engaged in marketing of mutual fund schemes are requested to get themselves qualified and registered with AMFI before September 30, 2003. Thereafter, those who are not certified and registered with AMFI will not be eligible to do business.

 
Mumbai
18.08.03

 
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