SEBI Update – Extension of timeline for complying with the certification requirement for the key investment team of the Manager of AIF (Applicable – All Alternative Investment Funds)

SEBI has extended the timeline for compliance with NISM certification requirements of the key investment team of AIF managers from May 9 to July 31.

According to AIF regulations, at least one member of the key investment team of an AIF is required to pass the NISM Series-XIX-C: Alternative Investment Fund Managers Certification Examination.

Earlier, the regulator had asked AIFs with pending applications as on May 10,2024 to comply with this certification requirement by May 9, 2025. The extension has been made based on representation from the AIF industry and with an objective to provide ease of compliance to the industry.

This circular will come into effect immediately.

Link – https://www.sebi.gov.in/legal/circulars/may-2025/extension-of-timeline-for-complying-with-the-certification-requirement-for-the-key-investment-team-of-the-manager-of-aif_93904.html