In line with NISM’s direction, AMFI has given relaxation to mutual fund distributors and their employees to renew ARN/EUIN.
AMFI said that ARNs/EUINs which are due for renewal or expiring between March 15 and September 29 can be renewed till September 30. Also, these ARNs/EUINs will continue to remain valid till September 30, 2020.
In a notification, AMFI said, “NISM has announced that the validity of NISM certificates of those could not appear or attend or enroll for certification examinations or CPE or eCPE and as such, could not renew/are not in a position to renew their certificates, during the period March 15 to September 29 shall be extended till September 30. Accordingly, the validity of ARN/EUIN which are expiring during the period March 15 to September 29 will also stand automatically extended till September 30, since the validity of ARN/EUIN are co-terminus with NISM certification.”
Currently, NISM has resumed both eCPEs and regular CPEs for ARN/EUIN holders. Both eCPE and regular CPE come with their own limitations. While eCPE does not offer interactive session i.e. you cannot engage with trainer or ask questions like in regular CPEs, it offers you a convenient way to renew your ARN completely online.
Once you appear for this refresher course, NISM will share a certificate stating that you have successfully completed the mandatory training with AMFI.
The process of ARN/EUIN renewal is completely paperless and based on Aadhaar. Ensure that your Aadhaar is linked with your mobile number to avail this online facility.
