NISM-Series-V-B: Mutual Fund Foundation Certification Examination / CPE Programme 04.04.2013

NISM-Series-V-B: Mutual Fund Foundation Certification Examination / CPE Programme 04.04.2013

Subject: Eligibility of participants for Mutual Fund Foundation Examination and Mutual Fund Foundation – CPE Programme

National Institute of Securities Markets hereby clarifies eligibility of participants for Mutual Fund Foundation Examination and Mutual Fund Foundation – CPE Programme, as follows:

Category of  person applying for Certification	Certification through Examination	Certification through CPE
Grandfathered*
Postal agents with a service / experience of at least 10 years or of age 50 years or more	Allowed	Allowed
Retired government and semi-government officials (class III and above or equivalent) with a service of at least 10 years or of age 50 years or more	Allowed	Allowed
Retired teachers with a service of at least 10 years or of age 50 years or more	Allowed	Allowed
Retired bank officers with a service of at least 10 years or of age 50 years or more	Allowed	Allowed
Intermediaries/ Agents engaged in distribution of financial products e.g. insurance agent, FD agent, National Savings Scheme products, PPF, etc. registered with any other Financial Services Regulatorwith a service of at least 10 years or of age 50 years or more	Allowed	Allowed
Business correspondents appointed by banks with a service of at least 10 years or of age 50 years or more	Allowed	Allowed
Any other person of age 50 years or more	Allowed	Allowed
Others
Postal agents with a service of less than 10 years and of age less than 50 years	Allowed	Not Allowed
Retired government and semi-government officials (class III and above or equivalent) with a service of less than 10 years and of age less than 50 years	Allowed	Not Allowed
Retired teachers  with a service of less than 10 years and of age less than 50 years	Allowed	Not Allowed
Retired bank officers  with a service of less than 10 years and of age less than 50 years	Allowed	Not Allowed
Intermediaries/ Agents engaged in distribution of financial products e.g. insurance agent, FD agent, National Savings Scheme products, PPF, etc. registered with any other Financial Services Regulatorwith a service of less than 10 years and of age less than 50 years	Allowed	Not Allowed

*For persons who have attained the age of 50 years or who have at least 10 years of experience in the securities markets in the sale and/ or distribution of mutual fund products as on September 13, 2012

2. Experience certificate for grandfathered category participants may be issued by Compliance officer of Asset Management Company. G.P.Garg(Registrar)