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Ch.4 · SEBI Mutual Fund Regulations · medium

Which of the following persons is NOT eligible to obtain an ARN from AMFI?

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EXPLANATION

Employees of SEBI, as a market regulator, are prohibited from obtaining ARN or engaging in securities market activities including mutual fund distribution. Individuals, banks, companies, and partnership firms with requisite certifications are all eligible.

A.An individual who has passed NISM Series V-A

B.A bank that has passed the required certifications

C.An employee of SEBI [✓ Correct]

D.A partnership firm where partners have passed NISM Series V-A

EXPLANATION

Employees of SEBI, as a market regulator, are prohibited from obtaining ARN or engaging in securities market activities including mutual fund distribution. Individuals, banks, companies, and partnership firms with requisite certifications are all eligible.

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