NISM Series XIII Common Derivatives Certification Exam Notes

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  • FEMA 1999:RBI derives regulatory powers from the Foreign Exchange Management Act, 1999 to govern foreign exchange and derivatives.
  • Reserve Bank of India Act, 1934:Authorizes RBI to manage foreign exchange and derivatives transactions.
  • Securities Contract (Regulation) Act, 1956:SEBI regulates all exchange-traded contracts under this Act.
  • Bye-laws:Operational rules for trading, clearing, settlement, and risk management are framed under Exchange bye-laws.
  • Primary Regulatory Role:RBI oversees all activities in the forex market, while SEBI focuses on exchange-traded derivatives.

NISM Common Derivatives

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