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

Which of the following is the body that issues the ARN (AMFI Registration Number) to a mutual fund distributor after the distributor meets the certification and code of conduct requirements?

AMFI issues the ARN to mutual fund distributors once they have cleared the NISM-Series-V-A certification and undertaken to follow the AMFI Code of Conduct. SEBI is the regulator, but ARN registration is done by AMFI, not by the RBI or an RTA.

  1. ASecurities and Exchange Board of India directly
  2. BAssociation of Mutual Funds in India (AMFI)Correct
  3. CReserve Bank of India
  4. DRegistrar and Transfer Agent of the scheme

Explanation

AMFI registers distributors and issues the ARN after the person has passed the NISM-Series-V-A examination and agreed to abide by the AMFI Code of Conduct. SEBI regulates but does not issue ARNs, and RTAs only service investors and process transactions.

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