Skip to content

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

Which of the following is true regarding the validity of a PMS distributor's NISM-Series-XXI-A certification, as per the verified facts of NISM examinations?

The NISM-Series-XXI-A certificate is valid for 3 years from the date of the examination. After that period, the distributor must renew the certification, so one-year, five-year or lifetime validity descriptions are not correct.

  1. AIt is valid for 1 year from the examination date
  2. BIt is valid for 3 years from the date of the examinationCorrect
  3. CIt is valid for 5 years from the date of the examination
  4. DIt is valid for life once cleared

Explanation

NISM certificates are valid for 3 years from the date of the examination, after which the certification must be renewed by re-taking the exam or following the prescribed continuing education route. One-year, five-year and lifetime validity are incorrect.

Did you get it right without looking?

One question tells you little. A timed set on Regulatory, Governance and Ethical Aspects of Portfolio Managers shows your real accuracy, how long you take and where you lose marks.

Practise Regulatory, Governance and Ethical Aspects of Portfolio ManagersFree diagnostic mock

More Regulatory, Governance and Ethical Aspects of Portfolio Managers questions