Taxmann Securities Intermediaries Compliance (Non-Fund) by National Institute of Securities Markets (NISM) – Edition February 2022

This book is a compendium of the important regulations, which the Compliance Officers working with various intermediaries in the securities markets refer to. It seeks to create a common minimum knowledge benchmark for persons engaged in the compliance function with any intermediary registered with SEBI, such as:

• Stock Broker
• Depository Participant
• Merchant Bankers
• Underwriters
• Bankers to the Issue
• Debenture Trustee
• Credit Rating Agencies

This book aims to enhance the quality of services rendered by those engaged in compliance activities. It also seeks to ensure compliance officers know the different regulations governing the securities market.

The Present Publication is the June 2021 workbook version, published exclusively by Taxmann for NISM Certification Examination III-A [Securities Intermediaries Compliance (Non-Fund)]. This book is divided into two parts:

• [Financial and Regulatory Structure in India] is dealt with in Part A
• [Specific Rules & Regulations] governing the intermediaries registered with SEBI are dealt with in Part B

The noteworthy features of this book are as follows:

• [Understand the Financial Structure in India] including:
  • Knowledge of the Financial Intermediaries
  • Types of Products available in the Indian markets
• [Understand the Regulatory Framework] and the role of various Regulators in the Financial System
• [Importance of Compliance Activity] and the scope and role of Compliances Officers
• [Understand the various Rules & Regulations] of the Indian Securities Market
• [Understand the Penal Actions] that are initiated in case of default or failure

The detailed contents of the book are as follows:

• Part A – Understand the Financial Structure in India
  • Introduction to the Financial System
  • Regulatory Framework – General View
  • Introduction to Compliance
  • Securities and Exchange Board of India Act, 1992
  • Securities Contracts (Regulations) Act 1956 [SCRA] & Securities Contracts (Regulations) Rules, 1957 [SCRR]
  • SEBI (Intermediaries) Regulations, 2008
  • SEBI (Prohibition of Insider Trading) Regulations, 2015
  • SEBI (Prohibition of Fraudulent and Unfair Trade Practices Relating to Securities Market) Regulations, 2003
  • Prevention of Money-Laundering Act, 2002
  • SEBI (KYC Registration Agency) Regulations, 2021
• Part B – Understand Intermediary Specific Regulations
  • SEBI (Foreign Portfolio Investors) Regulations, 2019
  • SEBI (Stock Brokers) Regulations, 1992
  • SEBI (Merchant Bankers) Regulations 1992, SEBI (Delisting of Equity Shares) Regulations 2009, SEBI (Substantial Acquisition of Shares & Takeover) Regulations 2011
  • SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018
  • Depositories Act, 1996
  • SEBI (Depositories and Participants) Regulations, 2018
  • SEBI (Registrar to an Issue and Share Transfer Agents) Regulations, 1993
  • SEBI (Research Analyst) Regulations, 2014
  • SEBI (Investment Advisers) Regulations, 2013
  • SEBI (Debenture Trustee) Regulations, 1993
  • SEBI (Credit Rating Agencies) Regulations, 1999
  • SEBI (Custodian) Regulations, 1996
  • Proxy Advisors