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NISM Certifications · NISM-Series-V-A: Mutual Fund Distributors · Fund Distribution and Channel Management Practices

A distributor's ARN is due for renewal. Which statement is correct about the validity of the NISM-Series-V-A certification used for ARN purposes?

The NISM-Series-V-A certificate is valid for 3 years from the date of the examination. The distributor must renew the certification within that period to keep the ARN valid, so lifetime, one-year or ten-year validity statements are incorrect.

  1. AThe certificate is valid for 3 years from the date of the examination, after which it must be renewed for the ARN to remain validCorrect
  2. BThe certificate is valid for life and never requires renewal
  3. CThe certificate is valid for 1 year from the date of the examination
  4. DThe certificate is valid for 10 years from the date of the examination

Explanation

NISM certificates are valid for 3 years from the date of the examination. The distributor must re-certify or complete the required renewal to keep the ARN active. Lifetime, 1-year and 10-year validity periods are incorrect.

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