# SEBI Extends Deadline for NISM Certification Compliance for AIF Managers

Published: 14 May 2025
Author: Treelife
Practice area: News
Source: https://treelife.in/news/sebi-extends-deadline-for-nism-certification-compliance-for-aif-managers/

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Blog Content Overview

- [1 Impact on Existing AIFs](#Impact_on_Existing_AIFs)
- [2 Next Steps:](#Next_Steps)
- [3 Announcement by NISM for Category Specific Exams for AIF Managers on May 1, 2025](#Announcement_by_NISM_for_Category_Specific_Exams_for_AIF_Managers_on_May_1_2025)
- [4 Have Questions?](#Have_Questions)

SEBI has extended the deadline for compliance with the certification requirement for the key investment team of AIF Managers. This extension now sets a revised deadline of **July 31, 2025**, providing additional time for AIFs to fulfill the NISM certification requirement, initially due by **May 9, 2025**.

### **Impact on Existing AIFs**

This extension ensures more flexibility for the AIF industry, helping them align with SEBI’s Regulations without compromising compliance standards. The certification is essential for the key personnel of AIF Managers and aims to enhance industry professionalism and investor protection.

### **Next Steps:**

- AIFs that are yet to meet the certification requirement must ensure compliance by **July 31, 2025**.

- The updated certification requirement affects all AIFs, including schemes launched prior to May 2024 and those pending approval.

### **Announcement by NISM for Category Specific Exams for AIF Managers on May 1, 2025**

In a related development, NISM has announced the introduction of separate certification exams for AIF Managers, set to begin on **May 1, 2025**. These exams will be tailored to specific AIF categories (i.e., Category I / II AIFs and Category III AIFs) covering the distinct regulatory guidelines and operational nuances of each category.

However, it’s important to note that SEBI has not provided any updates regarding this new certification framework in its latest circular dated **May 13, 2025**. As such, the timeline for mandatory compliance with these new exams remains unclear.

### **Have Questions?**

Let’s connect at **dhairya.c@treelife.in** for a discussion!

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