Securities Intermediaries Compliance (Non -fund) Certification Examination Overview
Compliance function is used as a generic reference to refer to the range of roles and responsibilities for carrying out specific compliance activities and responsibilities.
What are the course objectives?
- Understand the structure of financial and securities markets in India; financial intermediaries and the types of products available in the Indian market.
- Understand the regulatory framework and the role of the various regulators in the financial system.
- Understand the Importance of Compliance function and the scope and role of the compliance officer in the Indian securities market.
- Understand the various regulations and rules of the Indian securities market as related to the defined group of intermediaries.
- Understand the importance of compliance with the rules and regulations and the penal actions initiated in case of any default or failure.
Course Fees ?
Fees Details:
Name of Module: NISM-Series-III-A: Securities Intermediaries Compliance (Non-Fund) Certification Examination
Fees (Rs.) | Test Duration (in minutes) | No. of Questions | Maximum Marks | Pass Marks* (%) | Certificate Validity#(in years) |
1500+ | 120 | 100 | 100 | 60 | 3 |
*: Negative marking – 25% of the marks assigned to the question
+ Payment gateway charges extra.
# Passing Certificate will be issued only to those candidates who have furnished/ updated their Income Tax Permanent Account Number (PAN) in their registration details.
Benefits from this Course ?
• The characteristics of its clients, for example, retail or institutional;
• The structure and diversity of its operations (including the geographical spread of and
the regulatory requirements applicable to its operations); and
• The number of people that it engages to conduct its business
Securities Intermediaries Compliance Syllabus
CHAPTER-1: Introduction to the Financial System
- Understand the Indian Financial System
- Know about the Financial Market Intermediaries
- Know the various types of Financial Securities
CHAPTER-2: Regulatory Framework – General View
- Know the Regulatory System in India
- Know the role of the Financial Market Regulators
- Understand the role of other regulators in the financial market: ROC, EOW, FIU-I, Police Authorities,
- Know the role of Appellate Authority
- Know the Legislative Framework Governing the Financial market
CHAPTER-3: Introduction to Compliance
- Understand the need for Compliance
- Know the Role and Reporting Structure of Compliance Officers (CO)
- Understand the Responsibilities of COs towards Stakeholders
- Know the Compliance requirements under the SEBI (CAPSM) Regulations, 2007
CHAPTER – 4: SEBI Act, 1992
- Understand the SEBI Act, 1992
- Know the SEBI Act from Compliance aspect
CHAPTER-5: Securities Contracts (Regulation) Act, 1956 and Securities Contracts (Regulation) Rules, 1957
- Understand the sections of the SC(R)A, 1956 pertaining to
- Understand the following Rules of the SC(R)R 1957
-
-
- Recognition of Stock Exchanges
- Contracts and options in securities
- Listing of securities
- Penalties and Procedures
- Audit of accounts of members
- Withdrawal of recognition
- Books of account and other documents to be preserved
- Submission of annual reports and periodical returns
- Requirements with respect to the listing of securities on a Stock Exchange
-
CHAPTER-6: SEBI (Intermediaries) Regulations, 1992
- Understand the SEBI (Intermediaries) Regulations.
- Know the General Obligations of the Intermediaries.
- Know the obligation of the intermediaries on inspection
- Understand the action in case of default
- Know the Code of Conduct for intermediaries.
CHAPTER-7: SEBI (Prohibition of agreement of the Stock Exchanges
Know the SEBI (Delisting of Securities) Guidelines, 2003
Understand the obligations of the Intermediary under the SEBI (Buyback of Securities) Regulations, 2006
-
- Definition of a merchant banker.
- Procedure for registration as a merchant banker.
- Eligibility criteria for grant of certificate
- Capital adequacy requirement
CHAPTER-13: SEBI (Issue of Capital Disclosure and Requirements) Regulations, 2009
- Understand the ICDR Regulation from Merchant Banker aspect
- Know the role of merchant bankers as advisors to the issuer company.
- List out the key activities and related compliances undertaken by the merchant banker
- Know the Post Issue activities of the merchant banker.
CHAPTER-14: SEBI (Depositories) Regulations, 1996
- Understand the SEBI (Depositories) Regulations, 1996.
- Know the Rights and Obligations of the Depositories.
- Know the
enquiry and inspection procedure followed by SEBI and the penalties.
CHAPTER-15: SEBI (Depositories and Participants) Regulations
- Understand the procedure of registration of a depository participant.
- Know the rights and obligations of the depository participant.
- List the documents related to records of services which need to be maintained.
- Know the investor grievance redressal mechanism.
- Know the Code of conduct for participants and the action in case of any default.
CHAPTER-16: SEBI (Bankers to an Issue) Regulations, 1994
- Know the procedure of application and registration as a Banker to an Issue.
- Understand the general obligations and responsibilities of Banker to an Issue.
- Know the Code of conduct for the Bankers to an Issue.
- List the obligations of a banker to an issue in case of inspection and the action taken by SEBI on the inspection and investigation report.
CHAPTER-17: SEBI (Underwriters) Regulations, 1993
- Know the role of an Underwriter
- Know the Capital Adequacy requirements as an Underwriter.
- Know the Code of conduct for the Underwriters.
- List the general obligations and responsibilities as an Underwriter.
- Know the Obligations of underwriter on Inspection by SEBI.
CHAPTER-18: SEBI (Debenture Trustees) Regulations, 1993
- Understand the procedure of application and registration as Debenture Trustees.
- Know the Capital Adequacy requirements as Debenture Trustees.
- Understand the following general obligations and responsibilities.
- Know the Code of conduct for the Debenture Trustees.
- Know the Obligations of the Debenture Trustees on Inspection by SEBI.
- List the various contents which should form a part of the trust deed.
CHAPTER-20: SEBI (Credit Rating Agencies) Regulations, 1999
- Know the Registration process for Credit Rating Agencies.
- Know the General Obligations of Credit Rating Agencies.
- Understand the Restrictions on Rating w.r.t:
- Securities issued by Promoters
- Securities issued by entities connected with Promoter etc
- Securities already rated
- Know the obligations of credit rating agency on inspection or investigation by SEBI.
- Know Code of the conduct of the Credit Rating Agencies.
- List out the Guidelines issued by SEBI for Credit Rating Agencies.
CHAPTER-21: SEBI(Custodian of Securities) Regulations 1996
- Understand the different Custodial Services.
- Know the eligibility criteria and the registration process.
- Highlight the General Obligations and Responsibilities of Custodians.
- Know the Code of Conduct.
- Know the obligation of custodian on inspection conducted by SEBI
-
- Definition of a merchant banker.
- Procedure for registration as a merchant banker.
- Eligibility criteria for grant of certificate
- Capital adequacy requirement