SEBI has updated the certification norms for specialized investment fund distributors, replacing the Series XIII certification with NISM Series V-D.
SEBI Revises SIF Distributor Certification Requirements
This change reflects SEBI's commitment to enhancing the quality and standards of investment fund distribution in India. The transition plan includes a grace period that allows existing distributors to continue their operations until their Series XIII certifications expire.
All SIF distributors will need to complete the new certification to ensure their compliance with SEBI’s updated regulatory standards. This revision is intended to improve the expertise and competence of individuals engaged in fund distribution, thereby benefiting the investor community.
Legal practitioners should advise their clients on the forthcoming changes and the implications for their certification status to ensure smooth transitions during this regulatory update.
Citations
- SEBI Circular (2026)

