ARNs which expired during lockdown months can be renewed till September 30, 2020.
Giving 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.
That means, if your ARN/EUIN expires on August 15, it will remain valid till September 30, 2020. AMFI may consider September 30, 2020 as your ARN expiry date.
Remember that the new AMFI norms will be applicable from August 1, 2020 (But in practical terms, they will be effective from October 1, 2020 for ARN renewal). Among the key changes to the ARN renewals norms will be shifting assets of your clients to other distributors or direct plans if you do not renew ARN within 3 months of expiry of his ARN and cancelling of your ARN if you do not renew it within 6 months.
You can renew your ARN by appearing for CPE exam through both online and offline modes. 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 regular CPEs, it offers you a convenient way to renew your ARN completely online. The fees for both the modes is Rs.2500.
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.
