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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)
 

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