Are NRIs allowed to give the NISM Mutual fund distributors exam?

[gopinathpc]

I am appearing at the MF V exam on 29th Dec.After I pass the exam do I need to complete any other paperwork forbecoming a distributor?I read in one of the MF material that I need to do finger printing beforeI become a distributor. Is this correct?

[Vivek]

I am appearing at the MF V exam on 29th Dec.After I pass the exam do I need to complete any other paperwork forbecoming a distributor?I read in one of the MF material that I need to do finger printing beforeI become a distributor. Is this correct?

You can email NISM and check with them -LINK

[gopinathpc]

I have passed my NISM MF V exam last week.
I understand there are 2 options
1. to register as an individual
2. to go under an existing distributor like Karvy

If I choose option #2 do I still need to complete KYD?
If not which form should I use to get my ARN no?

Thanks in advance!

[Aman]

Know Your Distributor (KYD) norms for Mutual Fund Distributors
AMFI (vide circular 35P/ MEM-COR/ 13/ 10-11 dated August 27, 2010 and 35P/MEM-COR/21/10-11 dated December 9, 2010) has introduced Know Your Distributor (KYD) norms for Mutual Fund Distributors with effect from September 1, 2010, requiring the distributors to submit mandatorily identity proof, address proof, PAN and bank account details with proof.

KYD norms will be applicable for fresh ARN registration and ARN renewal effective from September 1, 2010. The existing ARN holders would also be required to comply with KYD norms within 6 months i.e. by end of February 2011, failing which AMCs shall suspend payment of commission till the distributors comply with the requirements.

[gopinathpc]

Does this mean even if I go through a distributor I still need to complete the KYD?