NISM-Series-V-B: Mutual Fund Foundation Certification Examination

NISM-Series-V-B: Mutual Fund Foundation Certification Examination

Refer to SEBI Circular No. CIR/IMD/DF/21/2012 dated September 13, 2012, NISM, in exercise of the powers conferred by sub-regulation (3) of regulation 7 of the Securities and Exchange Board of India (Certification of Associated Persons in Securities Markets) Regulations 2007, now specifies the NISM-Series-V-B: Mutual Fund Foundation Certification Examination as the requisite standard for“a new cadre of distributors including, postal agents, retired government and semi-government officials (class III and above or equivalent) with a service of at least 10 years, retired teachers with a service of at least 10 years, retired bank officers with a service of at least 10 years, and other similar persons (such as Bank correspondents) as may be notified by AMFI/AMC from time to time, allowed to sell units of simple and performing mutual fund schemes”.

The NISM-Series-V-B: Mutual Fund Foundation Certification Examination, offered by NISM, will be available from January 14, 2013.

Details of NISM-Series-V-B: Mutual Fund Foundation Certification Examination are given in Annexure-I and Annexure-II attached to this communiqué/press release.

The text of these Annexures and the registration details are available at www.nism.ac.in.G. P. GargRegistrarNational Institute of Securities MarketsEnclosures:1) Annexure I2) Annexure II