This book aims to create a common minimum knowledge benchmark for all associated persons of a registered stock-broker/trading member/clearing member in recognized stock exchanges involved in
Assets or Funds of Investors or Clients
Redressal of Investor Grievances
Internal Control or Risk Management
Activities having a Bearing on Operational Risk
The key features of this book are as follows:
Know the basics of the Indian securities market, the different products traded and the various market participants & the respective roles they play in the Indian securities market
Understand the regulatory framework and role of Securities Exchange Board of India (‘SEBI’)
Understand the trade life cycle,the steps and participants involved in trade life cycle
Know the various functions of Front Office, Middle Office and Back Office in Securities Broking Firms
Understand how the risks are managed in securities broking firm, the clearing and settlement process
Understand the various procedures for redressal of investor grievances
Coverage of this book includes:
Introduction to the Securities Market
Market Participants in the Securities Market
Introduction to Securities Broking Operations
Risk Management
Settlement Process
Investor Grievances and Arbitration
Other Services Provided by Brokers
National Institute Of Securities Markets
National Institute of Securities Markets (NISM) is an educational institution established by the Securities and Exchange Board of India (SEBI), the securities market regulator, in 2006. The Institute was established in pursuant to the Union Finance Minister’s proposal, in his 2005-06 Budget Speech, to set up an institution ’for teaching and training intermediaries in the securities markets and promoting research’.
NISM is committed to its vision to lead, catalyze and deliver educational initiatives to enhance the quality of securities markets’. The Institute conducts a wide range of capacity building programmes in securities markets from basic financial literacy to full-time post-graduation programmes. The Institute’s six Schools of Excellence, viz., School for Certification of Intermediaries, School for Securities Education, School for Investor Education and Financial Literacy, School for Regulatory Studies and Supervision, School for Corporate Governance and School for Securities Information and Research upholds NISM’s vision and works in synergy towards professionalizing the markets. .
NISM is mandated by SEBI (Certification of Associated Persons in the Securities Markets) Regulations, 2007 to conduct certification examinations and continuing professional education programs for associated persons engaged by an intermediary. NISM also conducts certification examinations for other regulators like IBBI and PFRDA. NISM’s certifications establish a single market-wide knowledge benchmark for different functions in the Indian securities market and enable the associated persons to advance their knowledge and skills.
National Institute Of Securities Markets
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