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Explore the Curriculum for Depository Operations Certification

NISM-Series-VI: Depository Operations Certification Examination

Curriculum 

I. Introduction to the Indian Capital Market

  1. Introduction
  2. Capital Market
  3. Regulatory Environment
  4. Regulators

II. Introduction to Depository

  1. Need for a Depository System
  2. What is a Depository?
  3. Legal Framework
  4. Functions of a Depository

III. Depository and its Business Partners

  1. Depository Participants
  2. Clearing Corporation (CC)
  3. Issuers and Registrar and Transfer Agents

IV. Functions of Depository Participant – Account Opening

  1. Introduction
  2. Types of Account
  3. Beneficial Owner Account
  4. Clearing Member Account
  5. Closure of Account
  6. Freezing of Accounts
  7. Changes in Client Details
  8. Implementation of the framework for Accreditation of Investors
  9. Mapping of Unique Client Code (UCC) with demat account of the clients

V. Functions of Depository Participant – Account Operations

  1. Introduction to Basic Services Demat Account (BSDA)
  2. Operations of a Joint Account
  3. Internet Based Depository Operations of NSDL
  4. Internet Based Depository Operations of CDSL

VI. Functions of Depository Participant – Transmission and Nomination

  1. Transmission of Securities
  2. Nomination for Securities
  3. Transmission of Securities

VII. Functions of Depository Participant – Dematerialisation

  1. Introduction
  2. International Securities Identification Number (ISIN)
  3. Dematerialisation Process
  4. Rematerialisation
  5. Conversion of Mutual Fund units represented by Statement of Account (SOA) into dematerialized form through a DP / De-statementization
  6. Reconversion of Mutual Fund Units into Statement of Account Form (SOA Form) / Restatementization
  7. Credit of units of AIFs in dematerialised form

VIII. Functions of Depository Participant – Trading and Settlement

  1. Introduction
  2. Settlement of Off-Market Transactions
  3. Settlement of Market Transactions
  4. Interoperability
  5. Procedure for Subscription and Redemption of Mutual Fund Units
  6. Handling of Clients’ Securities by Trading Members/Clearing Members settlement
  7. Government of India notification regarding the Indian Stamp (Collection of Stamp-Duty through Stock Exchanges, Clearing Corporations and Depositories) Rules, 2019

IX. Special Services – Pledge & Hypothecation

  1. Introduction
  2. Procedure for Pledge/Hypothecation
  3. Recording of Non Disposal Undertaking (NDU) in the Depository System
  4. Margin obligations to be given by way of Pledge/ Re-pledge in the Depository System

X. Special Services – Public Offering / Corporate Actions

  1. Concept of Corporate Actions
  2. Important Terms
  3. Procedure for Corporate Actions
  4. Public Issue

XI. Special Services – Debt Instruments & Government Securities

  1. Introduction
  2. Certificate of Deposit (CD)
  3. Commercial Paper (CP)
  4. Government Securities

XII. Foreign Portfolio Investors (FPI)

  1. Introduction
  2. Eligibility criteria of FPI applying for FPI Registration to a Designated Depository Participant

XIII. Investor Services

  1. Introduction to Redressal of complaints through (SCORES)
  2. Transfer of Shares to Demat Account of IEPF Authority
  3. Annexure 1: Process of Aadhar e-KYC of Resident Investors in the Securities Markets under section 11A of the PMLA, 2002
  4. Annexure 2: Use of Technology for KYC
  5. Annexure 3: Operational Mechanism for Margin Pledge
  6. Annexure 4: Framework for Utilization of Client’s Pledged Securities for Exposure and Margin
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