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NISM Certifications · NISM-Series-X-A: Investment Adviser (Level 1) · Key Regulations

Under the SEBI (Investment Advisers) Regulations, 2013, an individual who wishes to act as an investment adviser must hold which of the following in addition to the prescribed professional or postgraduate qualification?

An individual investment adviser must hold a valid NISM certification, passing the Series X-A and X-B examinations, along with the prescribed educational qualification. RBI licences or stock exchange membership are not required, and there is no ten-year banking experience condition.

  1. AA valid NISM certification covering the prescribed investment adviser modulesCorrect
  2. BA licence from the Reserve Bank of India
  3. CA membership of a recognised stock exchange
  4. DA minimum of ten years of experience in banking

Explanation

The regulations require individual advisers to have the prescribed qualification and a valid NISM certification (X-A and X-B). RBI licence and exchange membership are not conditions for registration as an investment adviser. A fixed ten-year banking experience is not a requirement.

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