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Eligibility Criteria for CPE for Mutual Fund Distributors

(A) Eligibility Criteria for NISM Mutual Fund Distributors CPE Program

General category

Any person holding any of the following certificates:

(a) NISM Series V (a): Mutual Fund Distributors Certification Examination

(b) NISM Series V (a): Mutual Fund Distributors Continuing Professional Education

(c) AMFI Mutual Fund (Advisors) Module

(d) IICM: Refresher Course on Mutual Funds*

(e) CIEL: Refresher Course on Mutual Funds*

*The validity of the Certificate shall be deemed to be of five years from the date of issue of the Certificate

and where the validity of such certificate has not expired may appear for NISM’s CPE Program for Mutual Funds Distributors, on submission of the required documents (as mentioned in (B)).

Also, any person holding a valid ARN Card, whether or not holding any of the above mentioned certificates may appear for NISM's CPE Program for Mutual Fund Distributors, on submission of the required documents (as mentioned in (B)).

(On the suggestion of AMFI/Mutual Fund Distributors, this eligibility criterion has been included as a temporary measure for the operational ease of participants/Mutual Fund Distributors).

Note: Candidates with a valid certificate of the AMFI Mutual Fund (Advisors) Module or the ‘NISM-Series-V-A: Mutual Fund Distributors Certification Examination’ can appear for NISM’s CPE Program for Mutual Fund Distributors not before twelve months prior to expiry of the said certificate.

Grandfathered by age category

Any person who has completed the age of 50 years as on May 31, 2010, whether holding or not holding the certificate of AMFI Mutual Fund (Advisors) Module or ‘NISM-Series-V-A: Mutual Fund Distributors Certification Examination’ may appear for NISM’s CPE Program for Mutual Fund Distributors under the Grandfather Type I category, on submission of the required documents (as mentioned in (B)).

Grandfathered by experience category

Any person having experience of 10 years or more as a distributor, agent or employed or engaged in the sale and/or distribution of Mutual Fund products, as on May 31, 2010, whether holding or not holding a certificate of AMFI Mutual Fund (Advisors) Module or ‘NISM-Series-V-A: Mutual Fund Distributors Certification’, may appear for NISM’s CPE Program for Mutual Fund Distributors under the Grandfather Type II category, on submission of required documents (as mentioned in (B)). 

(B) Required Documents for NISM Mutual Fund Distributors CPE Program

The following documents, along with a duly filled Registration Form, need to be submitted at the CPE venue for attending the Mutual Fund Distributors CPE Program:

General category

  1. Copy of PAN Card
  2. Copy of valid Certificate/ARN Card
  3. Two recent Passport-size Photographs

Grandfathered by age category

  1. Copy of PAN Card
  2. Two recent Passport-size Photographs

Grandfathered by experience category

  1. Copy of PAN Card
  2. Proof of Experience
    A Letter from an Asset Management Company, duly signed and stamped by Chief Manager (or higher designation)acknowledging that the participant has 10 years or more than 10 years of work experience in buying/selling/distribution of Mutual Funds
  3. Two recent Passport-size Photographs

Please note that candidates are required to carry in original the above mentioned documents (under respective categories) to the CPE venue for verification in order to obtain admission to NISM’s CPE Program for Mutual Fund Distributors.

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