Securities Intermediaries Compliance (Non-Fund)Certification Guide.
Covers compliance framework, SEBI regulations for intermediaries, AML/KYC, code of conduct, and enforcement. Mandatory for compliance officers of non-fund intermediaries.
Difficulty
Intermediate
Suggested prep: 15-20 days
Negative marking
25%
Avoid blind guessing.
Validity
3 years
Computer-Based Test (CBT)
Priority
Rank 15
Compliance track
What this certification is really testing.
This template pulls directly from the NISM database so the article stays factual, structured, and easy to scan before you register.
Ideal for
Compliance officers at brokerages and DPs
Regulatory and governance professionals
Career paths
Compliance Officer at Brokerage
Regulatory Compliance Manager
AML/KYC Analyst
Internal Auditor Securities
Mandatory for
Compliance Officers of stock brokers
Compliance Officers of depository participants
Study by chapter weightage, not by guesswork.
The highest scoring chapters carry 71% of the paper. Start there, then use the low-weight chapters for polish.
High-weightage focus
SEBI Regulations for Intermediaries
20%Anti-Money Laundering and KYC
15%Compliance Framework Overview
12%Code of Conduct
12%Inspection, Investigation and Enforcement
12%Key concepts to remember
Compliance Officer is responsible for monitoring adherence to SEBI regulations
KYC: Know Your Customer PAN, address proof, in-person verification mandatory
AML: Anti-Money Laundering STR (Suspicious Transaction Report) must be filed within prescribed time
SEBI SCORES: Online platform for investor grievance redressal
Internal audit: mandatory periodic audit of broker's operations
Code of Conduct: brokers must maintain ethical standards, avoid conflict of interest
Record keeping: All records must be maintained for minimum 5 years
A clear way to study this module.
Use the database strategy as the practical order of attack: official workbook first, high-weightage chapters next, then mocks and exam-day control.
Study strategy
Focus on SEBI Regulations for Intermediaries (Ch 2, 20%) heaviest chapter
AML/KYC (Ch 3, 15%) is increasingly important know STR filing requirements
Inspection and Enforcement (Ch 5, 12%) know SEBI's powers and penalties
This is a compliance-focused exam requires memorization of regulatory provisions
Exam-day tips
Standard format 100 MCQs, 120 minutes
Most questions are regulatory recall memorize key SEBI provisions
0.25 negative marking don't guess on specific clause numbers
Compliance process questions are common know the step-by-step procedures
Scoring warning
The pass mark is simple. The paper is not.
Because this paper has negative marking, precision matters more than speed. Attempt the sure questions first, then return to calculations and close-call options.
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