NISM Series III C : Securities Intermediaries Compliance (Fund) Examination - Mock Test
NISM Series 3C : Securities Intermediaries Compliance (Fund) Mock Test
What is the meaning of 'Series III-C' in NISM Series III-C : Securities Intermediaries Compliance (Fund) Certification Examination name?
It is series 3C. 'III' is the Roman Numeral for 3.
What are the different names of the "NISM Series III-C : Securities Intermediaries Compliance (Fund) Certification Examination"?
The official name of the exam is NISM Series III-C : Securities Intermediaries Compliance (Fund) Certification Examination
However, candidates also refer to this exam by other names such as NISM 3C, NISM III-C, NISM Compliance Fund Exam, and NISM Series 3C Securities Intermediaries Compliance Fund Exam.
What is NISM Series 3C Securities Intermediaries Compliance Fund Certification Examination?
It is a regulatory certification offered by the National Institute of Securities Markets (NISM). Its purpose is to ensure that people working in compliance functions with SEBI-registered fund-related intermediaries possess the minimum required knowledge of: the Indian financial system, SEBI Acts and Regulations, compliance requirements for Mutual Funds (MFs), compliance requirements for Alternative Investment Funds (AIFs), compliance requirements for REITs and InvITs, Prevention of Money Laundering (PMLA), insider trading regulations, fraudulent and unfair trade practices, KYC and KRA norms, FEMA provisions related to securities markets, and other compliance obligations applicable to SEBI-registered fund intermediaries.
Who should pass NISM Series 3C : Securities Intermediaries Compliance Fund Examination?
This exam should be passed by compliance officers and staff working with Mutual Funds, AIFs, REITs, InvITs, and other SEBI-regulated fund intermediaries.
How to Prepare for NISM III-C : Securities Intermediaries Compliance (Fund) Certification Examination?
MODELEXAM offers NISM Series 3C : Securities Intermediaries Compliance Fund Exam Practice Tests based on the latest NISM syllabus, helping candidates prepare effectively with updated questions.
Where can I get NISM III-C : Securities Intermediaries Compliance (Fund) Certification Exam Study Material?
Where can I get NISM 3C : Securities Intermediaries Compliance (Fund) Exam Dates?
How to do NISM Exam registration?
NISM Exams Registration Procedure
What is the Assessment Structure of the NISM Series 3C : Securities Intermediaries Compliance (Fund) Certification Examination?
| Total Marks | 100 |
| Total Questions | Multiple Choice Questions[100 questions of 1 mark each] 100x1=100 |
| Total Duration | 2 hours. |
| Passing score | 60% = 60 marks |
| Negative Marking | 25% of the marks assigned to the question. |
Weightage - NISM Series 3C : Securities Intermediaries Compliance (Fund) Certification Examination
| Chapter No. | Chapter Name | Weightages |
|---|---|---|
| Part A: Understanding the Securities Markets and the Securities Markets regulatory structure in India | ||
| Chapter 1 | Introduction to the Financial System | 5 |
| Chapter 2 | Regulatory Framework - General View | 6 |
| Chapter 3 | Introduction to Compliance | 4 |
| Chapter 4 | SEBI Act 1992 | 7 |
| Chapter 5 | SCRA 1956 and SCRR, 1957 | 4 |
| Chapter 6 | SEBI Intermediaries Regulations 2008 | 6 |
| Chapter 7 | SEBI (Prohibition of Insider Trading) Regulations, 2019 | 6 |
| Chapter 8 | SEBI (Prohibition of Fraudulent and Unfair Trade Practices Relating to Securities Market) Regulation, 2003 | 6 |
| Chapter 9 | Prevention of Money Laundering Act, 2002 | 7 |
| Chapter 10 | SEBI (KYC Registration Agency) Regulations, 2011 | 2 |
| Chapter 11 | SEBI (Foreign Portfolio Investors) Regulations, 2019 | 3 |
| Chapter 12 | Foreign Exchange Management Act | 4 |
| Chapter 13 | SEBI Depositories Act, 1996 | 3 |
| Part B: Understanding Intermediary Specific Regulations | ||
| Chapter 14 | SEBI (Mutual Fund) Regulations, 1996 | 11 |
| Chapter 15 | SEBI (AIF) Regulations, 2012 | 10 |
| Chapter 16 | SEBI (InvIT) Regulations, 2014 | 8 |
| Chapter 17 | SEBI (REITs) Regulation, 2014 | 8 |
| Total Weightages | 100 | |
Syllabus - NISM 3C : Securities Intermediaries Compliance (Fund) Certification Examination
Part A – Understanding the Securities Markets and the Securities Market’s Regulatory Structure in India
- Chapter 1: Introduction to the Financial System
- Securities Market Intermediaries
- Define and understand types of Securities
- Chapter 2: Regulatory Framework – General View
- Securities Market Regulations in India
- Financial Market Regulators and understand their role
- Key Agencies in the Financial Market: ROC, EOW, FIU-I, NCLT, SFIO, and Police Authorities
- Role of Appellate Authority – SAT
- Legislative Framework – SEBI Act, SCRA, Depositories Act, Companies Act
- Functions, Role, and Regulation of the International Financial Services Centre (IFSC)
- Chapter 3: Introduction to Compliance
- Compliance Function Overview
- Roles, Responsibilities, and Reporting Structure
- Governance and Fiduciary Duties in Compliance
- Chapter 4: SEBI Act, 1992
- Overview of SEBI Act 1992
- Chapter 5: Securities Contracts (Regulation) Act, 1956 and Securities Contracts (Regulation) Rules, 1957
- Key Sections of SCRA 1956
- Chapter 6: SEBI (Intermediaries) Regulations, 2008
- Overview of SEBI (Intermediaries) Regulations
- General Obligations of Intermediaries
- Importance of the ‘Fit and Proper’ Criteria
- Obligations of Intermediaries During Inspection
- Dealing with Defaults and Suspension or Cancellation of Certificate
- Code of Conduct for Intermediaries
- Compliance Officer Duties under SEBI Intermediaries Regulations
- Chapter 7: SEBI (Prohibition of Insider Trading) Regulations, 2019
- Applicability of SEBI Insider Trading Regulations 2019
- Code of Conduct for Prevention of Insider Trading
- Code of Fair Disclosure & Responsibilities of Compliance Officer under SEBI PIT Regulations
- Chapter 8: SEBI (Prohibition of Fraudulent and Unfair Trade Practices Relating to Securities Market) Regulations, 2003
- Prohibition of Certain Dealings in Securities
- Prohibitions on Manipulative, Fraudulent, and Unfair Trade Practices
- Responsibilities of Compliance Officer under SEBI FUTP Regulations
- Chapter 9: Prevention of Money Laundering Act 2002
- Role and Importance of Anti-Money Laundering Measures
- Obligations Related to Anti-Money Laundering Guidelines
- Overview of SEBI Circulars on AML/CFT
- Chapter 10: SEBI (KYC Registration Agency) Regulations, 2011
- Overview of SEBI KYC Registration Agency Rules 2011
- Obligations on Surrendering Certificate of Registration
- Functions and Obligations of Fund Houses Regarding KRA and CKYC
- KRA Obligations During SEBI Inspection
- Guidelines for Intermediaries, KRAs & In-Person Verification
- Understanding FATCA Guidelines
- Chapter 11: SEBI (Foreign Portfolio Investors) Regulations, 2019
- Concept of Foreign Portfolio Investors (FPIs)
- General Obligations and Responsibilities
- Chapter 12: Foreign Exchange Management Act
- Introduction to FEMA and Its Relation to Securities Markets in India
- Foreign Direct Investment in India
- Introduction to FEMA (Non-Debt) Rules
- RBI Master Direction 2022
- RBI Reporting Requirement
- Chapter 13: SEBI (Depositories) Act, 1996
- SEBI (Depositories) Act, 1996
- Overview of SEBI Guidelines for InvITs, REITs, and AIFs
- SEBI Enquiry, Inspection, and Penalties
Part B – Understanding Intermediary Specific Regulations
- Chapter 14: SEBI (Mutual Fund) Regulations
- Mutual Fund Structure and Key Features
- Important Concepts and Terminologies
- Role of stakeholders in a Mutual Fund
- Schemes of Mutual Fund
- Redemption and Reporting Redemptions
- Investment Objectives of a Mutual Fund
- Scheme Related Disclosure
- Portfolio Disclosures
- Overview of Board and Committees
- Norms for Shareholding in Mutual Funds
- Stewardship Code – Public Listed Companies
- Risk Management Framework
- Overview of Mutual Fund Reports
- SEBI Prohibition of Insider Trading Regulations
- General Obligation and Investment Rights
- Certification and Registration of Intermediaries
- Chapter 15: SEBI (AIF) Regulations
- Introduction to SEBI AIF Regulations and Key Terminologies
- Classification of AIFs
- Investment Strategy
- Overview of Compliance and Obligations
- Special Types of Funds
- General Obligations, Responsibilities, and Transparency for All AIFs
- Other Relevant Topics
- Chapter 16: SEBI (InvIT) Regulations
- Introduction to Infrastructure Investment Trusts (InvITs)
- Definition and Structure of InvITs (Including Regulation 7A)
- Rights and Responsibilities of Trustees, Investment Managers, Project Managers, Sponsors, Valuers, and Auditors
- Fundraising and Issuance of Debt Securities by InvITs
- InvIT Units: Offer, Listing, and Delisting
- Overview of Borrowing Practices
- Valuation of Assets
- Investment Conditions and Dividend Policy
- Other Significant Matters
- Inspections Conducted by SEBI
- Chapter 17: SEBI (REITs) Regulation
- Overview of SEBI REIT Regulations, Structure, and Definitions
- Roles and Duties of Trustees, Managers, Sponsors, Valuers, and Auditors
- Fundraising and Issuance of Debt Securities by REIT
- REIT Units: Issue, Listing, and Delisting
- Overview of Borrowing Practices
- Valuation of Assets
- Investment Conditions and Dividend Policy
- Other Significant Matters
- Continuous Disclosures to Stock Exchanges
- Overview of Board Structure and Responsibilities
- Other important concepts related to REITs
- Inspections Conducted by SEBI