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MFDs can continue to use CFP certificate for two more years to obtain RIA license from SEBI without appearing for NISM’s Investment Adviser examinations.
CFP certification will be valid from March 1, 2022 to February 28, 2024. The certificate is eligible to be renewed every two years subject to approval by NISM.
In a press release, FPSB said that NISM has renewed CFP certification program in India after reviewing their application.
Noel Maye, CEO of FPSB, said, “FPSB is pleased that India’s CFP professionals offering investment advice are eligible to register as investment advisers under SEBI regulations. FPSB and the community of over 2300 CFP professionals in India are committed to benefiting the Indian public by establishing, upholding and promoting competency, ethics and practice standards and certification requirements for CFP professionals and for the financial planning profession in India. The accreditation by NISM strengthens our efforts to attract a new pool of talent into the financial planning profession in India.”
