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

Under the SEBI (Investment Advisers) Regulations, 2013, which of the following is a correct statement about an individual who wishes to register as an investment adviser?

An individual applicant must satisfy the prescribed educational qualification, hold the required NISM certifications, and have the prescribed experience in advisory-related activities. A certificate alone does not suffice, and no bank employment is needed. Net worth requirements apply to non-individual entities.

  1. AThe individual must hold the prescribed qualification and NISM certification and must also have the prescribed minimum experience in advice-related activitiesCorrect
  2. BThe individual needs only a NISM certificate and no educational qualification or experience
  3. CThe individual can register only if employed by a bank
  4. DThe individual must hold a minimum net worth of Rs 1 crore regardless of category

Explanation

Individual investment advisers must meet qualification, certification (NISM X-A and X-B) and experience requirements specified in the Regulations. A NISM certificate alone is not sufficient, and registration is not restricted to bank employees. The net worth norm applies to non-individual advisers, not individuals.

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