about nism - taxmann · 2016-02-05 · 2 about nism national institute of securities markets (nism)...

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ABOUT NISM

National Institute of Securities Markets (NISM) was established by the Securities and Exchange Board of India (SEBI), in pursuance of the announcement made by the Finance Minister in his Budget Speech in February 2005.

SEBI, by establishing NISM, articulated the desire expressed by the Government of India to promote securities market education and research.

Towards accomplishing the desire of Government of India and vision of SEBI, NISM delivers financial and securities educa-tion at various levels and across various segments in India and abroad. To implement its objectives, NISM has established six distinct schools to cater to the educational needs of various constituencies such as investors, issuers, intermediaries, regulatory staff, policy makers, academia and future professionals of securities markets.

NISM is mandated to implement Certification Examinations for professionals employed in various segments of the Indian securities markets.

NISM also conducts numerous training programs and brings out various publications on securities markets with a view to enhance knowledge levels of participants in the securities industry.

ABOUT NISM CERTIFICATIONS

The School for Certification of Intermediaries (SCI) at NISM is engaged in developing and administering Certification Examinations and CPE Programs for professionals employed in various segments of the Indian securities markets.

These Certifications and CPE Programs are being developed and administered by NISM as mandated under Securities and Exchange Board of India (Certification of Associated Persons in the Securities Markets) Regulations, 2007.

The skills, expertise and ethics of professionals in the securities markets are crucial in providing effective intermediation to investors and in increasing the investor confidence in market systems and processes. The School for Certification of Inter-mediaries (SCI) seeks to ensure that market intermediaries meet defined minimum common benchmark of required func-tional knowledge through Certification Examinations and Continuing Professional Education Programmes on Mutual Funds, Equities, Derivatives Securities Operations, Compliance, Research Analysis, Investment Advice and many more. Certification creates quality market professionals and catalyzes greater investor participation in the markets. Certification also provides structured career paths to students and job aspirants in the securities markets.

Taxmann is a growth-driven publishing house with its independent marketing network. We have an impressive tally of titles on Tax, Corporate and Commercial Laws. Professionals and Corporates look up to Taxmann to provide them with high-quali-ty books on Direct Tax Laws, Indirect Tax Laws, Company Law and all Allied Laws. Taxmann’s credentials are well established: its experience in the industry, editorial expertise and market network, strike a combination that delivers the best.

Taxmann has highly qualified technical personnel with in-depth knowledge of all aspects of management for running a successful commercial enterprise.

The motto is “Spearheading the pursuit of expertise and authenticity.” ‘Accuracy and professional expertise’ are not only a passion for us but also an obsession.

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Details About NISM Certification Examinations

Sr. No NISM Certification Examination Test

DurationFees (Rs)#

Maximum Marks

Pass Mark (%)

Negative Marking

(%)

1 NISM Series I: Currency Derivatives Certification Examination 2hrs 1500 100 60 25

2 NISM Series II A: Registrars and Transfer Agents (Corporate) Certification Examination 2hrs 1500 100 50 25

3 NISM Series II B: Registrars and Transfer Agents (Mutual Fund) Certification Examination 2hrs 1500 100 50 25

4 NISM Series III A: Securities Intermediaries Compliance (Non-Fund) Certification Examination 2hrs 1500 100 60 25

5 NISM Series III B: Issuers Compliance Certification Examination 2hrs 1500* 100 60 25

6 NISM Series IV: Interest Rates Derivatives Certification Examination 2hrs 1500 100 60 25

7 NISM Series V A: Mutual Fund Distributors Certification Examination 2hrs 1500 100 50 NA

8 NISM-Series V B: Mutual Fund Foundation Certification Examination 2hrs 1200 50 50 NA

9 NISM-Series-V C: Mutual Fund Distributors (Level 2) Certification Examination 2hrs 1500* 100 60 25

10 NISM Series VI: Depository Operations Certification Examination 2hrs 1500 100 60 25

11 NISM Series VII: Securities Operations and Risk Management Certification Examination 2hrs 1500 100 50 25

12 NISM Series VIII: Equity Derivatives Certification Examination 2hrs 1500 100 60 25

13 NISM Series IX: Merchant Banking Certification Examination 2hrs 1500 100 60 25

14 NISM Series X A: Investment Adviser (Level 1) Certification Examination 2hrs 1500 100 60 25

15 NISM Series X B: Investment Adviser (Level 2) Certification Examination 2hrs 1500 100 60 25

16 NISM Series XI: Equity Sales Certification Examination 2hrs 1500* 100 50 25

17 NISM Series XII: Securities Markets Foundation Certification Examination 2hrs 1500* 100 60 NA

18 NISM Series XIII: Common Derivatives Certification Examination 3hrs 3000 150 60 25

19 NISM Series XIV: Internal Auditors for Stock Brokers Certification Examination 2hrs 1500* 100 60 25

20 NISM Series XV: Research Analyst Certification Examination 2hrs 1500 100 60 25

#Fees is subject to revision. *Indicates non-mandated examination. Service tax is applicable on the examination fees.

How to Register and take the ExaminationTo find out more and register for the examination please visit www.nism.ac.in

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Certification Examination for Currency Derivatives

Syllabus Outline

u Introduction to Currency Markets

u Foreign Exchange Deriva-tives

u Exchange Traded Curren-cy Futures

u Strategies Using Currency Futures

u Trading in Currency Fu-tures

u Clearing, Settlement and Risk Management in Cur-rency Futures

u Exchange Traded Curren-cy Options

u Accounting and Taxationu Regulatory Framework

for Currency Derivativesu Codes of Conduct and

Investor protection Mea-sures

Certification Examination for Registrars to an Issue and Share Transfer Agents - Corporate

Syllabus Outline

u Introduction to Securities u Characteristics of Equities u Characteristics of Other

Securities u Characteristics of Debt

Instruments u Basics of Mutual Funds u SEBI’s Role and Relevant

Regulations u Public Offer of Securities -

Featuresu Private Placement of

Shares

u Public Offer of Securities - Processes

u Roles and Responsibilities in a Public Issue

u Depository Services u Process related to Depos-

itories u Investor Servicing Pro-

cesses u Role of stock exchanges

and other participants in the secondary market

PRICE : ` 250 EDITION : 2015 PAGES : 144 ISBN : 9789350717622

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Syllabus Outline


Certification Examination for Registrars to an Issue and Share Transfer Agents - Mutual Fund

u Introduction to Securitiesu Characteristics of Equitiesu Characteristics of Other

Securitiesu Characteristics of Debt

Instrumentsu Basics of Mutual Fundsu SEBI’s Role and Relevant

Regulations

u Structure and constitu-ents of Mutual Funds

uMutual fund productsu Applicable NAV and cut-

off timeu Purchase, redemption and

systematic transactionsu Investor and distributor

processes and payouts

Certification Examination for Securities Intermediar-ies Compliance (Non-Fund)

Syllabus Outline

Part A: Understanding the Financial and Regulatory Structure in India

u Introduction to Financial System

u Regulatory Framework: General View

u Introduction to Compli-ance

u SEBI Act, 1992u Securities Contracts (Reg-

ulation) Act, 1956 and Securities Contracts (Reg-ulation) Rules, 1957

u SEBI (Intermediaries) Regu-lations, 2008

u SEBI (Prohibition of Insider Trading) Regulations, 1992

u SEBI (Fraudulent and Un-fair Trade Practices Relat-ing to Securities Markets) Regulations, 2003

u The Prevention of Money Laundering Act, 2002

u SEBI (KYC Registration Agency) Regulations, 2011


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u SEBI (Stock Brokers and Sub-Brokers) Regulations, 1992

u SEBI (Merchant Bankers) Regulations, 1992, Listing Agreement & SEBI (Delis-ting of Securities) Guide-lines, 2003, SEBI Takeover Code & SEBI (Buyback of Securities) Regulations, 2006

u SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009

u Depositories Act, 1996

u SEBI (Depositories and Participants) Regulations, 1996

u SEBI (Bankers to an Issue) Regulations, 1994

u SEBI (Underwriters) Regu-lations, 1993

u SEBI (Debenture Trus-tees) Regulations, 1993

u SEBI (Credit Rating Agen-cies) Regulations, 1999

u SEBI (Custodian of Securi-ties) Regulations, 1996

Part B: Understanding Intermediary Specific Regulations

Certification Examination for Issuers ComplianceSyllabus Outlineu Introduction to Indian

Capital Marketu Capital Market Regula-

tionsu Compliance Officeru Raising Capital from the

marketu Role of Compliance Offi-

cer in IPO

u Role of Compliance Offi-cer in other public Issues

u Raising money from for-eign market

u Corporate Actionsu Ongoing Compliance

Requirements

Certification Examination for Interest Rate Derivatives

Syllabus Outlineu Fixed-income and Debt

Securities – Introductionu Interest Rate – Introduc-

tionu Return and Risk Measures

for Debt Securitiesu Interest Rate Derivatives

u Contract Specification for Interest Rate Derivatives

u Trading, Clearing, Settle-ment and Risk Manage-ment

u Regulations and Compli-ance

u Trading and Hedging


IN PRESS

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Syllabus OutlineCertification Examination for Mutual Fund Distributors

u Concept and role of a mu-tual fund

u Fund structure and con-stituents

u Legal and regulatory envi-ronment

u Offer documentu Fund distribution and chan-

nel management practicesu Accounting, valuation and

taxationu Investor services

u Return, risk & perfor-mance of funds

u Scheme selectionu Selecting the right invest-

ment products for inves-tors

u Helping investors with financial planning

u Recommending model portfolios and financial plans


Certification Examination for Mutual Fund FoundationSyllabus Outlineu Concept and Role of a

Mutual Fundu Fund Structure and

ConstituentsuMutual Fund Productsu Performance of Mutual

FundsuMutual Fund Taxationu Offer Documentu Fund Distribution and

Sales Practices

u Investor Transactionsu Investor Servicesu Asset Classesu Financial Planning Con-

ceptsu Helping Investors with

Financial Planningu Legal and Regulatory

Environment


Certification Examination for Mutual Fund Distributors (Level 2)

Syllabus Outline

uMutual Fund Structuresu Legal and Regulatory

Environment of Mutual Funds

u Fund Distribution and Sales Practices

u Investment and Risk Man-agement

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u Valuation of Schemesu Accountingu Taxationu Investor Servicesu Scheme Evaluation

u Asset Classes and Alter-nate Investment Products

u Cases in Financial Plan-ning

u Ethics and Investor Pro-tection

Syllabus Outline

Certification Examination for Depository Operations

u Introduction to Securities Market

u Introduction to Depositoryu Depository and its busi-

ness Partnersu Functions of DP - Account

Openingu Functions of DP - Trans-

mission & Nominationu Functions of DP - Dema-

terialisationu Functions of DP - Trading

and Settlementu Functions of DP - Pledge

and Hypothecation

u Functions of DP - Corpo-rate Action

u Functions of DP - Public Issues

u Functions of DP - Debt and Government Securi-ties

u Additional Services - For-eign Portfolio Investor

u Additional Services - Rajiv Gandhi Equity Sav-ing Schemes

u Additional Services - Basic Services Demat Account


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Certification Examination for Securities Operations and Risk Management

Syllabus Outline


uMarket Participants in the Securities Market

u Introduction to Securities Broking Operations

u Risk Management

u Clearing Processu Settlement Processu Investor Grievances and

Arbitrationu Other Services Provided

by Brokers


Certification Examination for Equity Derivatives

Syllabus Outline

u Basics of Derivativesu Understanding Indexu Introduction to Forwards

and Futuresu Introduction to Optionsu Option Trading Strategiesu Introduction to Trading

Systems

u Introduction to Clearing and Settlement System

u Legal and Regulatory Environment

u Accounting and Taxationu Sales Practices and Inves-

tors Protection Services


Certification Examination for Merchant Banking

Syllabus Outline

u Introduction to the Capi-tal Market

u Introduction to the Mer-chant Banking

u Registration, Code of Conduct & General Obligations of Merchant Bankers in India

u Issue Management – Important Terms

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u Issue Management – Pro-cess and Underwriting

u Issue Management – General Obligations of Merchant Bankers and Due Diligence

u Other Merchant Banking Activities - Mergers, Ac-quisitions & Takeovers

u Other Merchant Banking Activities - Disinvestment, Buyback of Equity Shares

Certification Examination for Investment Adviser (Level 1)

Syllabus Outlineu Introduction to Indian

Financial Marketu Securities Market Seg-

mentsuMutual Fundsu Investment ProductsuManaging Investment

RiskuMeasuring Investment

Returns

u Concept of Financial Plan-ning

u Asset Allocation and Investment Strategies

u Insurance Planningu Retirement Planningu Tax and Estate Planningu Regulatory Environment

and Ethical Issues

IN PRESS

Certification Examination for Investment Adviser (Level 2)

Syllabus Outlineu Understanding Securi-

ties Markets and Perfor-mance

u Knowing Operational Aspects of financial trans-actions

u Personal Financial Plan-ning

u Comprehensive Financial Planning

u Product analysis and selection

u Regulatory and Compli-ance Aspects

u Case studies in Compre-hensive Financial Advice


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Certification Examination for Equity SalesSyllabus Outlineu Overview of Indian Secu-

rities Marketsu Regulatory Frameworku Primary Marketsu Secondary Marketsu Understanding Market

Indicators

u Trading and Risk Manage-ment

u Clearing and SettlementuMarket Surveillanceu Client Management


Certification Examination for Securities Markets Foundation

Syllabus Outline

u Introduction to Indian Securities Markets

u Securities: Types, Features and Concepts

u Primary Markets

u Secondary MarketsuMutual Fundsu Derivatives Marketsu Financial Planning and

Securities Markets


Certification Examination for Common DerivativesSyllabus Outlineu Basics of Derivativesu Introduction to the Under-

lying Marketsu Introduction to Forwards

and Futuresu Strategies Using Futuresu Introduction to Optionsu Option Trading Strategies

u Introduction to Trading, Clearing, Settlement & Risk Management

u Legal and Regulatory Environment

u Accounting and Taxationu Sales Practices, Code of

Conduct and Investor Protection Measures

1. PRICE : ` 250 EDITION : 2015 PAGES : 136 ISBN : 97893507177902. PRICE : ` 250 EDITION : 2015 PAGES : 204 ISBN : 9789350717776

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Certification Examination for Internal Auditors for Stock Brokers

Syllabus Outline

Part A: Regulatory Frameworku Introduction to Internal

Auditu Understand the Financial

System and the regulatory framework

u SEBI Act, SCRA and SCRRu SEBI Insider Trading Regu-

lations

u SEBI (Fraudulent and Unfair Trade Practices) Regulations

u PMLA 2002u SEBI Stock Brokers and

Sub-Brokers Regulations

Part B: Operationsu Introduction to Stock

Broking Operationsu Risk Management

u Clearing and Settlement Process

u Investor Grievance Re-dressal


Syllabus Outline

Certification Examination for Research Analyst

u Introduction to Research Analyst Profession


u Terminology in Equity and Debt Markets

u Fundamentals of Researchu Economic Analysisu Industry Analysisu Company Analysis - Quali-

tative Dimensions

u Company Analysis – Quantitative Dimensions

u Corporate Actionsu Valuation Principlesu Fundamentals of Risk and

Returnu Qualities of a good

Research Reportu Legal and Regulatory

Environment


about nism - taxmann · 2016-02-05 · 2 about nism national institute of securities markets (nism)...

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