NISM SECURITIES INTERMEDIARIES COMPLIANCE COURSE
Introduction to the Financial System
Understand the Indian Financial System
Know about the Financial Market Intermediaries
Know the various types of Financial Securities
Chapter 2 Regulatory Framework – General View
Know the Regulatory System in India
Know the role of the Financial Market Regulators
Understand the role of regulators in the financial market: ROC, EOW, FIU-I,
Know the role of Appellate Authority
Know the Legislative Framework Governing the Financial market
Chapter 3 Introduction to Compliance
Understand the need for Compliance
Know the Role and Reporting Structure of Compliance Officers (CO)
Understand the Responsibilities of COs towards Stakeholders
Know the Compliance requirements under the SEBI (CAPSM) Regulations, 2007
Chapter 4 SEBI Act, 1992
Understand the SEBI Act, 1992
Know the SEBI Act from Compliance aspect
Chapter 5 Securities Contracts (Regulation) Act, 1956
Understand the sections of the SC(R)A, 1956 pertaining to
Understand the following Rules of the SC(R)R 1957
Recognition of Stock Exchanges
Contracts and options in securities
Listing of securities
Penalties and Procedures
Audit of accounts of members
Withdrawal of recognition
Books of account and other documents to be preserved
Submission of annual reports and periodical returns
Requirements with respect to the listing of securities on a Stock Exchange
Chapter 6 SEBI (Intermediaries) Regulations, 1992
Understand the SEBI (Intermediaries) Regulations.
Know the General Obligations of the Intermediaries.
Know the obligation of the intermediaries on inspection
Understand the action in case of default
Know the Code of Conduct for intermediaries.
Chapter 7 SEBI (Prohibition of Insider Trading) Regulations, 1992
Understand the SEBI (Prohibition of Insider Trading) Regulations, 1992
Discuss the Code of conduct for prevention of insider trading.
Chapter 8 SEBI Prohibition of Fraudulent and Unfair Trade Practices
Understand the Regulation w.r.t. the prohibition of certain dealings in securities.
Know the various prohibitions related to manipulative, fraudulent and unfair trade practices.
Know the procedure for Investigation.
Chapter 9 Prevention of Money Laundering Act 2002
Understand the significance of Anti-Money Laundering (AML) measures.
Know the general obligations keeping in mind the AML guidelines issued by SEBI.
Know the provisions as stated in the SEBI (Foreign Portfolio Investors) Regulations, 2014.
Chapter 10: SEBI (KYC Registration Agency) Regulations, 2011
Understand the registration process
Know the obligations while surrendering the certificate of registration.
Understand the Functions and Obligations of KRA and Intermediary.
Know the obligations of the KRA on inspection by SEBI.
Part B – Understanding Intermediary Specific Regulations
Chapter 11 SEBI (Stock Brokers and Sub-brokers) Regulations, 1992
Listing Agreement and SEBI (Delisting of Securities) Guidelines, 2003
Understand the SEBI (Stock Brokers and Sub-Brokers) Regulations, 1992,
Registration of Stock Brokers
Registration of Sub-Brokers
Registration of trading and clearing member
General obligations and responsibilities
Procedure for Inspection
Procedure for action in case of default
Code of conduct for Stock brokers
Code of conduct for Sub brokers
Regulation of transactions between clients and brokers
Transactions between clients and brokers
Unique Client Code
Capital Adequacy norms for brokers
Maintenance of books of account and other documents in the manner sought by the enforcement agencies
Inspection of brokers by Stock exchanges
Direct Market Access – operational specifications, risk management, broker to be liable for DMA trades
Fees payable by Stock Brokers
Understand the SEBI (Alternate Investment Funds) Regulation, 2012 w.r.t
Registration as an AIF
Investment conditions and restriction
General obligations of AIF
Chapter 12 SEBI (Merchant Bankers) Regulations, 1992
SEBI Takeover Code and SEBI (BuyBack of Securities) Regulations, 2006
Understand the SEBI (Merchant Bankers) Regulations, 1992 w.r.t.
Know the general obligations and responsibilities of the merchant banker.
Know the obligations of the Merchant Banker as per the SEBI Takeover Code.
Know the main requirements under the Listing agreement of the Stock Exchanges
Know the SEBI (Delisting of Securities) Guidelines, 2003
Understand the obligations of the Intermediary under the SEBI (Buyback of Securities) Regulations, 2006
Definition of a merchant banker.
Procedure for registration as a merchant banker.
Eligibility criteria for grant of certificate
Capital adequacy requirement
Chapter 13 SEBI (Issue of Capital Disclosure and Requirements) Regulations, 2009
Understand the ICDR Regulation from Merchant Banker aspect
Know the role of merchant bankers as advisors to the issuer company.
List out the key activities and related compliances undertaken by the merchant banker
Know the Post Issue activities of the merchant banker.
Chapter 14 SEBI (Depositories) Regulations, 1996
Understand the SEBI (Depositories) Regulations, 1996.
Know the Rights and Obligations of the Depositories.
Know the enquiry and inspection procedure followed by SEBI and the penalties.
Chapter 15 SEBI (Depositories and Participants) Regulations
Understand the procedure of registration of a depository participant.
Know the rights and obligations of the depository participant.
List the documents related to records of services which need to be maintained.
Know the investor grievance redressal mechanism.
Know the Code of conduct for participants and the action in case of any default.
Chapter 16 SEBI (Bankers to an Issue) Regulations, 1994
Know the procedure of application and registration as a Banker to an Issue.
Understand the general obligations and responsibilities of Banker to an Issue.
Know the Code of conduct for the Bankers to an Issue.
List the obligations of a banker to an issue in case of inspection and the action taken by SEBI on the inspection and investigation report.
Chapter 17 SEBI (Underwriters) Regulations, 1993
Know the role of an Underwriter
Know the Capital Adequacy requirements as an Underwriter.
Know the Code of conduct for the Underwriters.
List the general obligations and responsibilities as an Underwriter.
Know the Obligations of underwriter on Inspection by SEBI.
Chapter 18 SEBI (Debenture Trustees) Regulations, 1993
Understand the procedure of application and registration as Debenture Trustees.
Know the Capital Adequacy requirements as Debenture Trustees.
Understand the following general obligations and responsibilities.
Know the Code of conduct for the Debenture Trustees.
Know the Obligations of the Debenture Trustees on Inspection by SEBI.
List the various contents which should form a part of the trust deed.
Understand the process of dissemination of Information by Debenture Trustees.
Chapter 19 SEBI (Credit Rating Agencies) Regulations, 1999
Know the Registration process for Credit Rating Agencies.
Know the General Obligations of Credit Rating Agencies.
Understand the Restrictions on Rating w.r.t:
Securities issued by Promoters
Securities issued by entities connected with Promoter etc
Securities already rated
Know the obligations of credit rating agency on inspection or investigation by SEBI.
Know Code of conduct of the Credit Rating Agencies.
List out the Guidelines issued by SEBI for Credit Rating Agencies.
Chapter 20 SEBI (Custodian of Securities) Regulations, 1996
Understand the different Custodial Services.
Know the eligibility criteria and the registration process.
Highlight the General Obligations and Responsibilities of Custodians.
Know the Code of Conduct.
Know the obligation of custodian on inspection conducted by SEBI