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 -:
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.
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.
The examination seeks to create a minimum standard understanding -: