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Corporate Laws Central Ministry of Finance Securities and Exchange Board of India Act, 1992

Extension of timeline for complying with the certification requirement for the key investment team of the Manager of Alternative Investment Funds (AIF)

13-May-2025 | SEBI/HO/AFD/AFD-PoD-1/P/CIR/2025/066

SEBI has issued a circular in reference to circular nos. SEBI/LAD-NRO/GN/2024/176 and SEBI/HO/AFD-1/AFD-1-PoD/P/CIR/2024/42, regarding the Extension of timeline for complying with the certification requirement for the key investment team of the Manager of Alternative Investment Funds (AIF) effective from 13th May, 2025.

In accordance with Notification No. SEBI/LAD-NRO/GN/2024/176 and Circular No. SEBI/HO/AFD-1/AFD-1-PoD/P/CIR/2024/42, key personnel, as specified in Regulation 4(g)(i) of the AIF Regulations, were required to obtain NISM certification, as mentioned in the aforesaid circulars, on or before 9th May 2025, for existing AIF schemes and those whose applications for scheme launch were pending with SEBI as of 10th May 2024. However, by virtue of this circular, the timeline for obtaining the above NISM certification has been extended to 31st July 2025.

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