The Bombay Stock Exchange (BSE) on November 29, 2024, issued the notification regarding the Extension in timeline to obtain fresh NISM Certification under Regulation 7(2) of SEBI (Investment Advisers) Regulations, 2013.
The following has been stated namely: -
• A one-time extension till November 30, 2024 was provided to obtain NISM certification to such Investment Advisers (‘IAs’) whose base certification (NISM XA or NISM XB) was expiring on or before November 30, 2024.
• It has now been decided to provide further extension till December 31, 2024 or till notification of the amendments to SEBI (Investment Advisers) Regulations, 2013, whichever is earlier,
• This is for such IAs whose base certification (NISM XA or NISM XB) has expired/is expiring between August 28, 2024 (i.e. date of grating original extension) and December 31, 2024 or till notification of the amendments to SEBI (Investment Advisers) Regulations, 2013, whichever is earlier.
[Notification No. 20241129-61]
