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

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

The NISM Series-III-A: Securities Intermediaries Compliance (Non-Fund) Certification Examination evaluates your knowledge of the regulatory structure governing India’s financial markets, with emphasis on compliance obligations for non-fund-based intermediaries. Achieving this certification reflects your dedication to ethical conduct and regulatory compliance in the securities sector.

Who Should Take This Exam?

This NISM Series-III-A exam is ideal for individuals working or aspiring to work in compliance roles with non-fund based intermediaries, such as:

  • Stock brokers (compliance officers)
  • Depository participants (compliance officers)
  • Merchant bankers (compliance officers)
  • Underwriters (compliance officers)
  • Bankers to the issue (compliance officers)
  • Debenture trustees (compliance officers)
  • Credit rating agencies (compliance officers)

Course Outline

The exam covers the following topics:

Part A – Understanding Financial Structure In India

  • Introduction To The Financial System
  • Regulatory Framework – General View
  • Introduction To Compliance
  • Securities And Exchange Board Of India Act, 1992
  • Securities Contracts (Regulation) Act, 1956 And Rules, 1957
  • SEBI (Intermediaries) Regulations, 2008
  • SEBI (Prohibition Of Insider Trading) Regulations, 2015
  • SEBI (Prohibition Of Fraudulent And Unfair Trade Practices) Regulations, 2003
  • Prevention Of Money Laundering Act, 2002
  • SEBI (Kyc Registration Agency) Regulations, 2011

Part B – Understanding Intermediary Specific Regulations

  • SEBI (Foreign Portfolio Investors) Regulations, 2019
  • SEBI (Stock Brokers) Regulations, 1992
  • SEBI (Merchant Bankers) Regulations 1992, Etc.
  • SEBI (Issue Of Capital And Disclosure Requirements) Regulations 2018
  • Depositories Act 1996
  • SEBI (Depositories And Participants) Regulations 2018
  • SEBI (Registrar To An Issue And Share Transfer Agents) Regulations, 1993
  • SEBI (Research Analyst) Regulations, 2014
  • SEBI (Investment Advisers) Regulations, 2013
  • SEBI (Debenture Trustees) Regulations, 1993
  • SEBI (Credit Rating Agencies) Regulations, 1999
  • SEBI (Custodian) Regulations, 1996
  • Proxy Advisors

Annexure 1: List Of Sebi Mandated Nism Certifications Under Sebi (Capsm) Regulations, 2007

NISM Series-III-A: Securities Intermediaries Compliance (Non-Fund) Exam FAQs

There are no prerequisites required for NISM Series III A: Securities Intermediaries Compliance (Non-Fund) Exam.

Skilr provides unique sets of questions that will help you check your skills and knowledge in performing data analysis on Excel. These practice questions will help you increase your knowledge for better preparation of exam.

The following persons can take NISM-Series-III-A: Securities Intermediaries Compliance (Non-Fund) Certification Examination: 1. The associated persons functioning as compliance officers of intermediaries registered with the SEBI as stock brokers, or depository participants, or merchant bankers, or underwriters, or bankers to the issue, or debenture trustees or credit rating agencies 2. Interested students/professionals 3. Any other individuals

Once purchased, the practice exams can be access for the lifetime.

Yes, Skilr offers email support for any certification related query while you are preparing for the exam using our practice exams. Your query will be handled by experts in due course.

Yes, we offer a 100% unconditional money back guarantee. In case you are not able to clear the exam for then you can request for the full refund. Please note that we only refund the cost of product purchased from Skilr and not the NISM Series III A: Securities Intermediaries Compliance (Non-Fund) Exam cost.

Yes Skilr offers free practice tests for the NISM Series III A: Securities Intermediaries Compliance (Non-Fund) Exam which can be used before the final purchase for complete test.

There will be 100 questions which have to be completed in 120 minutes.

After the completion of your exam, the points you earned on each question are totaled and then compared with the cut score to determine whether the result is pass or fail.

The certificate will be valid for 3 years from the date of the examination.

The examination consists of 100 questions of 1 mark each and should be completed in 2 hours. The passing score for the examination is 60%. There shall be negative marking of 25% of the marks assigned to a question.

The examination seeks to create a common minimum knowledge benchmark for all persons engaged in compliance function with any intermediary registered as Stock Brokers, Sub-brokers, Depository Participants, Merchant Bankers, Underwriters, Bankers to the Issue, Debenture Trustees and Credit Rating Agencies.

There will only be multiple-choice and multi-response questions covered in the exam.

Yes our experts frequently blog about the tips and tricks for exam preparation.

There will be 100 questions in the exam.

The candidate has to secure 60% in order to pass the exam.

Yes we offer nearly 50% discount for the order more than 10 products at a time. You can reach the Skilr Helpdesk for more details. The member of support staff will respond as soon as possible.

On successful completion of the examination the candidate should: • 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 of the rules and regulations and the penal actions initiated in case of any default or failure.

To renew your current certificate, you need to appear for NISM CPE for Securities Intermediaries Compliance (Non-Fund) or successfully pass the NISM-Series-III-A: Securities Intermediaries Compliance (Non-Fund) before the expiry of such certificate.

The fees for NISM Series III A: Securities Intermediaries Compliance (Non-Fund) Exam is Rupees One Thousand Five Hundred only (Rs. 1500/-).