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NISM Certifications · NISM-Series-XXI-A: Portfolio Management Services (PMS) Distributors · Regulatory, Governance and Ethical Aspects of Portfolio Managers

Which of the following is a requirement for a person to act as a PMS distributor in terms of SEBI's regulatory framework for portfolio managers?

A PMS distributor must hold a valid NISM-Series-XXI-A certification and be registered with APMI, the Association of Portfolio Managers in India. Other credentials such as a CFA charter or broker registration are not the prescribed requirement for distributing PMS.

  1. AObtaining a valid NISM Series XXI-A certification and registering with APMICorrect
  2. BHolding a CFA charter
  3. CBeing a registered stock broker only
  4. DHaving a minimum net worth of Rs 5 crore

Explanation

Distributors of PMS must hold a valid NISM-Series-XXI-A certificate and be registered as members with the Association of Portfolio Managers in India (APMI) as per the regulations. A CFA charter, broker status or a Rs 5 crore net worth is not the requirement.

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