NISM Series 12 Securities Markets Foundation Certification Exam Notes

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  • PFRDA Role: PFRDA regulates pension funds, protecting subscribers and ensuring old-age income security.
  • IBBI Role: IBBI oversees insolvency proceedings under the Insolvency and Bankruptcy Code, 2016.
  • IFSCA Role: IFSCA regulates financial products and services in International Financial Services Centres, promoting global connectivity.
  • Capital Allocation: Securities markets enable efficient capital allocation, supporting economic growth.
  • Disintermediation: Securities markets reduce reliance on banks by allowing direct capital raising through securities.

NISM 12 Securities Markets Foundation

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