NISM Series III-A (Compliance) study materials

NISM Series III-A (Compliance) study guide

NISM Series III-A (Compliance) · Work through your exam, one topic at a time.

The NISM Series-III-A: Securities Intermediaries Compliance (Non-Fund) Certification Examination is one of the certification examinations offered by the National Institute of Securities Markets (NISM), a public trust established in 2006 by the Securities and Exchange Board of India (SEBI). NISM carries out capacity building activities aimed at enhancing quality standards in the securities markets. This particular examination sits within NISM's Compliance category and is the non-fund counterpart to the NISM-Series-III-C: Securities Intermediaries Compliance (Fund) Certification Examination. It is intended for compliance professionals working with non-fund securities intermediaries, such as stock brokers, depository participants, merchant bankers, and other intermediaries regulated by SEBI. The examination tests knowledge of the regulatory framework, compliance obligations, and conduct requirements that apply to these intermediaries. NISM provides study material for its certification examinations, and candidates can prepare using the official workbook and related resources. Topics on this exam: Securities Intermediaries Compliance (Non-Fund). The NISM Series III-A (Compliance) study guide has 1 section and about 427 words.

Securities Intermediaries Compliance (Non-Fund)

This domain covers the compliance function inside SEBI-registered intermediaries that are not mutual funds - stock brokers, depository participants, merchant bankers, portfolio managers, registrars, investment advisers and research analysts. The exam tests whether you can match each obligation to its regulation and apply it to a real breach. SEBI Act, 1992: registration and enforcement powers; the SEBI (Intermediaries) Regulations, 2008 carry registration conditions, general obligations and the code of conduct in Schedule III. Product rules layer on top: Stock Brokers Regulations 2021; Depositories and Participants Regulations 2018; Portfolio Managers Regulations 2020; Investment Advisers Regulations 2013; Research Analysts Regulations 2014; PIT Regulations 2015.

427 words, about 2 min

More study resources for NISM Series III-A (Compliance)

Practice questionsUnder the SEBI (Intermediaries) Regulations, an application for registration as a stock broker is initially valid for how long before it must be renewed?
FlashcardsSEBI (Intermediaries) Regulations, 2008. Framework regulation prescribing registration, general obligations, code of conduct, inspection, and enforcement for non-fund securities intermediaries such as brokers, merchant bankers, and portfolio managers.
Cheat sheetSEBI (Intermediaries) Regulations, 2008 govern registration, general obligations, and code of conduct for stock brokers, merchant bankers, underwriters, portfolio managers, depository participants, and investment advisers; registration is granted per activity and is not transferable without SEBI approval.
Key termsCompliance Officer. A designated person within a securities intermediary who monitors adherence to securities laws, exchange rules, and internal policies, and reports compliance status to senior management and the board.
Study planMap the full NISM Series III-A syllabus into a one-page checklist of every regulatory topic area, marking each as known, shaky, or unknown.
Common mistakesCandidates come from a compliance background where SEBI regulations blur together, and the question stem's intermediary type is skimmed rather than used to select the governing regulation.
Exam-day guideRe-check the date, reporting time, and exact venue address on your NISM/SEBI-mandated test confirmation.