NISM Series-III-A: Securities Intermediaries Compliance (Non-Fund) Certification Examination

NISM Series-III-A: Securities Intermediaries Compliance (Non-Fund) Certification Examination

Description

A compliance officer is an individual who ensures that a intermediary, company or any entity providing services in the sector of Indian Financial market complies with its regulatory and legal requirements as per the policies defined by its governing body, like SEBI or Stock Exchange. The important regulations that the Compliance Officers should work upon, with different intermediaries in the securities markets are compiled in this certification. It aims to establish a standard minimum knowledge for those performing compliance functions with any SEBI-registered intermediary, or are looking forward to build a career in the complaince service segment in financial market. List of some noted Intermediaries can be -: 

  1. Trading Members
  2. Debenture Trustee
  3. Merchant Bankers
  4. Stock Brokers
  5. Depository Participants
  6. Credit Rating Agencies
  7. Bankers to the issue
  8. Underwriters

As the Indian Financial markets grow, this segment has a huge hidden potentail that still needs to catered to, hence this certification can add a great carrer advantage. 

Highlight

For any Compliance Officers working for Financial Markets intermediaries, passing the Securities Intermediaries Compliance (Non Fund) Certification Examination is a crucial prerequisite. The exam is also a must who is looking to build a career in this segement. It facilitates comprehension of the financial system's regulatory structure and the functions of the various regulators. Additionally, it clarifies the significance of the compliance function and the authority of the compliance officer. A common minimum knowledge benchmark is intended to be established by the NISM-Series-III-A: Securities Intermediaries Compliance (Non-Fund) Certification Examination for individuals working in compliance roles with any registered intermediary, including stock brokers, depository participants, merchant bankers, underwriters, bankers to the issue, debenture trustees, and credit rating agencies.

Sample Paper

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Set 1

No of Questions : 25

Time : 25 Minutes

Set 2

No of Questions : 25

Time : 25 Minutes

Set 3

No of Questions : 25

Time : 25 Minutes

Set 4

No of Questions : 25

Time : 25 Minutes

Set 5

No of Questions : 25

Time : 25 Minutes

Set 6

No of Questions : 25

Time : 25 Minutes

Set 7

No of Questions : 25

Time : 25 Minutes

Set 8

No of Questions : 50

Time : 50 Minutes

Set 9

No of Questions : 50

Time : 50 Minutes

Set 10

No of Questions : 50

Time : 50 Minutes

Set 11

No of Questions : 50

Time : 50 Minutes

Set 12

No of Questions : 50

Time : 50 Minutes

Set 13

No of Questions : 50

Time : 50 Minutes

Set 14

No of Questions : 75

Time : 75 Minutes

Set 15

No of Questions : 75

Time : 75 Minutes

Set 16

No of Questions : 75

Time : 75 Minutes

Set 17

No of Questions : 75

Time : 75 Minutes

Set 18

No of Questions : 75

Time : 75 Minutes

Set 19

No of Questions : 100

Time : 100 Minutes

Set 20

No of Questions : 100

Time : 100 Minutes

Set 21

No of Questions : 100

Time : 100 Minutes

Objective

The examination seeks to create a minimum standard understanding -:

  1. Of the Indian financial system, which includes
    1. Knowing about financial intermediaries
    2. The kinds of products available in Indian Markets,
  2. Understanding the regulatory framework and function of different regulators in the financial system
  3. The significance of compliance activity, the duties and responsibilities of compliance officers
  4. Various rules and regulations governing the Indian securities market
  5. The penalties that are imposed in the event of default or failure