NISM-Series-III-C: Securities Intermediaries Compliance (Fund)

NISM-Series-III-C: Securities Intermediaries Compliance (Fund) Certification Examination

The examination seeks to create a common minimum knowledge benchmark for all persons engaged in compliance functions with any intermediary registered with SEBI as Mutual Funds, Alternative Investment Funds, Real Estate Investment Trusts, and Infrastructure Investment Trusts. The certification aims to enhance the quality of services as rendered by those engaged in compliance activities. It also aims at ensuring that the compliance officers are aware of the different regulations that govern the Securities Market.

Examination Objectives

This examination is broadly categorised into two parts. Part ‘A’ is generic in the sense that it gives the candidates a sense of the Financial and Regulatory Structure in India, the different Regulations which the intermediaries should be aware of, and Part B specifically deals with the specific rules and regulations governing the Mutual Funds, Alternative Investment Funds, Real Estate Investment Trusts, and Infrastructure Investment Trusts. On successful completion of the examination, the candidate should:

• Understand the financial structure in India; know the 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 activity 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.
• Understand the importance of compliance with the rules and regulations and the penal actions initiated in case of any default or failure.

Assessment Structure

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

Test Details

Name of Module: NISM-Series-III-C: Securities Intermediaries Compliance (Fund) Certification Examination.

+ Payment Gateway charges extra.

~ 100 multiple-choice questions of 1 mark each.

* Negative marking – 25% of the marks assigned to the question.

# Passing Certificate will be issued only to those candidates who have furnished/ updated their Income Tax Permanent Account Number (PAN) in their registration details.