NISM Series VI (Depository Operations) study guide
NISM Series VI (Depository Operations) · Work through your exam, one topic at a time.
NISM-Series-VI: Depository Operations 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 lists this examination under its Operations category, alongside the Securities Operations and Risk Management certification. The examination is intended for candidates who work, or intend to work, in depository and securities operations roles - typically back-office and operations staff at depository participants, brokerages, and custodial or registrar functions - where an understanding of depository processes and market infrastructure is part of the job. Because NISM does not publish the detailed content outline on the page retrieved for this profile, this guide does not reproduce a domain-by-domain syllabus; candidates should obtain the current NISM workbook and study material through NISM's own channels and confirm the applicable syllabus there. For continuing education, NISM also operates a Depository Operations CPE/eCPE programme for certified professionals who must maintain their credential. To prepare, work through the official workbook chapter by chapter, then test recall with practice questions that force you to distinguish similar depository processes and the responsibilities of each party in the chain. Topics on this exam: Depository Operations (official content domains not enumerated in source). The NISM Series VI (Depository Operations) study guide has 1 section and about 454 words.
01Depository Operations
Depository Operations covers how dematerialised securities are held, moved, pledged and serviced in India through NSDL and CDSL, and how a Depository Participant (DP) sits between the investor and the depository. Expect process questions on account opening, delivery instruction slips (DIS), settlement, pledges, corporate actions, transmission and freeze, plus the liability boundaries between depository, DP, RTA and clearing corporation. A depository holds securities in fungible electronic form; each security is identified by a 12-character alphanumeric ISIN. The DP is an agent and registered intermediary - it does not own the securities and is not the depository.
454 words, about 2 minMore study resources for NISM Series VI (Depository Operations)
- Practice questionsUnder the SEBI (Depositories and Participants) Regulations, which entity is responsible for maintaining the beneficial owner records of securities held in dematerialised form?
- FlashcardsDepository. An entity that holds securities in dematerialised form and provides services through Depository Participants; India has NSDL and CDSL, both regulated by SEBI under the Depositories Act, 1996.
- Cheat sheetDepository: entity holding securities in dematerialised (electronic) form and providing services through Depository Participants (DPs); India has two - NSDL (1996) and CDSL (1999), both regulated by SEBI under the Depositories Act, 1996.
- Key termsDepository. An entity registered with the regulator that holds securities in electronic form on behalf of investors and settles trades by transferring book entries between accounts, rather than moving physical certificates.
- Study planMap the full depository-operations syllabus into a one-page topic list, grouping it under account opening, dematerialisation, rematerialisation, transfer and transmission, pledge and hypothecation, corporate actions, and investor grievance redressal.
- Common mistakesCandidates learn the basic account-opening flow first and then skim the joint-holder and nomination annexures, so they assume the operating instruction is a free choice for any joint account rather than something constrained by the holder combination and the nomination status.
- Exam-day guideCarry the exact ID type and original document named in your NISM admit card and confirmation email; a photocopy or soft copy is commonly refused.