The Securities and Exchange Board of India (SEBI) on November 06, 2026, issued a consultation paper on the introduction of an Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) Certification requirement for Principal Officers.
The following has been stated: -
•The Securities and Exchange Board of India (SEBI) has issued a consultation paper proposing mandatory Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) certification for Principal Officers of all intermediaries registered under Section 12 of the SEBI Act, 1992.
•It proposes mandating the NISM-Series-XXIV: Anti-Money Laundering and Combating the Financing of Terrorism Provisions in Securities Markets Certification Examination conducted by the National Institute of Securities Markets (NISM).
•Existing Principal Officers and newly appointed officers would be required to obtain the certification within six months and maintain its validity throughout their tenure.
•The proposal aims to strengthen the knowledge and competency of Principal Officers in implementing AML/CFT requirements under the Prevention of Money Laundering Act, 2002 and related SEBI guidelines.
•Public comments and suggestions are invited until November 27, 2026 through the SEBI web-based consultation form.
