Archive · 31 Dec 2025
SEBI Mandates NISM Certification for AIF Officers
The Securities and Exchange Board of India (SEBI) has announced that from 2027, compliance officers who work with managers of alternative investment funds (AIFs) must pass a special exam.
This exam is called the NISM Series-III-C: Securities Intermediaries Compliance (Fund) Certification Examination.
After passing this exam, they will receive a certification from the National Institute of Securities Markets (NISM).
SEBI has also told the trustees, sponsors, and managers of AIFs to make sure that this new rule is followed and included in their compliance reports.
This new rule starts right away, but the officers have until 2027 to get the certification.
SEBI mandates certification for compliance officers of AIF managers.
Certification requires passing the NISM Series-III-C exam.
Effective date for the requirement is January 1, 2027.
Trustees, sponsors, and managers of AIFs must ensure compliance.
New rule is effective immediately, but certification deadline is 2027.
- Who
- Compliance officers of managers of alternative investment funds (AIFs)
- What
- Must obtain certification from the National Institute of Securities Markets (NISM)
- When
- Effective from January 1, 2027
- Where
- India (as per SEBI regulations)
- Why
- To ensure compliance with securities market regulations
- Regulator
- SEBI
- Certification Body
- National Institute of Securities Markets (NISM)
- Certification Exam
- NISM Series-III-C: Securities Intermediaries Compliance (Fund) Certification Examination
- Effective Date
- January 1, 2027
- Affected Roles
- Compliance Officers of AIF Managers
