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NISM Certifications · NISM-Series-V-A: Mutual Fund Distributors · Legal and Regulatory Framework

Which statement about the AMFI Registration Number (ARN) for a mutual fund distributor is correct?

An ARN is issued by AMFI to distributors who have cleared the NISM-Series-V-A certification, and it must be renewed periodically. It is required for all distributors, whether individuals or firms and regardless of how many AMCs they deal with.

  1. AIt is issued by SEBI directly and is valid for life
  2. BIt is issued by AMFI to distributors who have passed the required certification and must be renewed periodicallyCorrect
  3. CIt is needed only for corporate distributors
  4. DIt is not needed if the distributor works with only one AMC

Explanation

AMFI issues ARN to distributors who hold a valid NISM-Series-V-A certification, and it must be renewed periodically. It applies to individuals and entities alike, and is needed irrespective of the number of AMCs dealt with.

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