{"product_id":"taxmanns-securities-intermediaries-compliance-non-fund-book-by-national-institute-of-securities-markets","title":"Taxmann's Securities Intermediaries Compliance (Non-Fund) book by National Institute of Securities Markets","description":"\u003cp\u003e\u003cstrong\u003eTaxmann's Securities Intermediaries Compliance (Non-Fund) book by National Institute of Securities Markets\u003c\/strong\u003e\u003cbr\u003e\u003cbr\u003e\u003c\/p\u003e\n\u003cp\u003eSecurities Intermediaries Compliance (Non-Fund) is the official NISM workbook for the NISM-Series-III-A: Securities Intermediaries Compliance (Non-Fund) Certification Examination. Itis the authoritative, syllabus-aligned study resource for professionals who discharge the compliance function at SEBI-registered (non-fund) intermediaries.\u003c\/p\u003e\n\u003cp\u003eThe workbook sets a common minimum knowledge benchmark for compliance officers, taking the reader from the architecture of India's financial system through the entire body of SEBI legislation, rules, and regulations that govern market intermediaries—and, crucially, what each rule means in day-to-day compliance practice. It reads as both an exam preparation text and a working compendium of the regulations a compliance officer refers to: the SEBI Act, SCRA\/SCRR, PMLA, Insider Trading and FUTP regulations, and the intermediary-specific frameworks for stock brokers, depository participants, merchant bankers, bankers to an issue, debenture trustees, and credit rating agencies.\u003c\/p\u003e\n\u003cp\u003eWhat distinguishes the book is its practitioner orientation. Concepts are not presented in the abstract: nearly every regulation is anchored to the relevant statutory sections, the applicable Code of Conduct, the specific duties of the Compliance Officer, and the penal consequences of default—frequently illustrated with actual SEBI enforcement case studies. This workbook is designed to be lucid and focused, helping candidates understand the subject and prepare for the examination.\u003c\/p\u003e\n\u003cp\u003eThis book is intended for the following audience:\u003c\/p\u003e\n\u003cul type=\"disc\"\u003e\n\u003cli\u003e\u003cstrong\u003eCandidates Registering for the NISM-Series-III-A: Securities Intermediaries Compliance (Non-Fund) Certification Examination\u003c\/strong\u003e\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eCompliance Officers and Compliance-Function Staff\u003c\/strong\u003e at Stock Brokers, Depository Participants, Merchant Bankers, Underwriters, Bankers to an Issue, Debenture Trustees, and Credit Rating Agencies registered with SEBI\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eAssociated Persons Required to Obtain this Certification\u003c\/strong\u003e under the SEBI (Certification of Associated Persons in the Securities Markets) Regulations, 2007\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eBroking, Depository, Merchant-Banking, and Issue-Management Personnel\u003c\/strong\u003e responsible for ongoing regulatory adherence\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eLegal, Company-Secretarial, Audit, and Risk Professionals\u003c\/strong\u003e supporting non-fund securities-market intermediaries\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eStudents and Job Aspirants \u003c\/strong\u003eestablishing a career path in securities-market compliance\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003cp\u003eThe Present Publication is the March 2026 Workbook Version, developed in collaboration with the NISM Certification Team and Mr Gore, Company Secretary (CS) and Post Graduate in Law (LLM). It is published exclusively by Taxmann, with the following noteworthy features:\u003c\/p\u003e\n\u003cul type=\"disc\"\u003e\n\u003cli\u003e[\u003cstrong\u003eOfficial, Exam-Aligned Content\u003c\/strong\u003e] The designated workbook for the NISM-Series-III-A examination, mapped directly to the published syllabus with chapter-wise weightages\u003c\/li\u003e\n\u003cli\u003e[\u003cstrong\u003eCurrent to the Latest Regulatory Regime\u003c\/strong\u003e] Incorporates recently updated frameworks—SEBI (Stock Brokers) Regulations 2025, SEBI (Merchant Bankers) Regulations 2025, and SEBI (Registrar to an Issue and Share Transfer Agents) Regulations 2025\u003c\/li\u003e\n\u003cli\u003e[\u003cstrong\u003eCovers Contemporary Themes\u003c\/strong\u003e] Online Resolution of Disputes (ODR), cyber security \u0026amp; cyber resilience, AI \u0026amp; ML compliance, and ESG Rating Providers\u003c\/li\u003e\n\u003cli\u003e[\u003cstrong\u003eSEBI Enforcement Case Studies\u003c\/strong\u003e] Most chapters are punctuated with actual adjudication \/ SAT cases presented in a clear Facts → Findings → Order format.\u003c\/li\u003e\n\u003cul type=\"circle\"\u003e\n\u003cli\u003eExamples include SEBI v. Vedika Securities, the Kwality matter (penalising a listed company's compliance officer), the Tradebulls Securities order, Karvy Stock Broking, and the IL\u0026amp;FS rating-agency matter\u003c\/li\u003e\n\u003cli\u003eShows how rules are applied in practice and how lapses are penalised\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003cli\u003e[\u003cstrong\u003eReview Questions in Every Chapter\u003c\/strong\u003e] All 23 chapters close with multiple-choice practice questions that reinforce learning, mirror the exam format, and support self-assessment as candidates progress\u003c\/li\u003e\n\u003cli\u003e[\u003cstrong\u003eLearning Objectives in Every Chapter\u003c\/strong\u003e] Each chapter opens with learning objectives, signposting exactly what the reader should master\u003c\/li\u003e\n\u003cli\u003e[\u003cstrong\u003eSection-wise Statutory Treatment\u003c\/strong\u003e] Regulations are tied to their specific provisions (e.g., SEBI Act §§11(2), 11(2A)–11(4), 15HB; SCRA §§23JA–23JC, 23L, 26A–26E). Penalties, recovery mechanisms, and appellate routes (SAT) are clearly laid out\u003c\/li\u003e\n\u003cli\u003e[\u003cstrong\u003eCompliance-officer Lens Throughout\u003c\/strong\u003e] Recurring emphasis on the appointment, role, responsibilities, codes of conduct, record-keeping \/ retention, and reporting obligations of the compliance officer\u003c\/li\u003e\n\u003cli\u003e[\u003cstrong\u003eReference Value Beyond the Exam\u003c\/strong\u003e] A single, organised digest of SEBI regulations usable as an on-the-job desk reference\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003cp\u003eThe workbook is organised into two parts spanning 23 chapters.\u003c\/p\u003e\n\u003cul type=\"disc\"\u003e\n\u003cli\u003e\u003cstrong\u003ePart A — Understanding Financial Structure in India\u003c\/strong\u003e\u003c\/li\u003e\n\u003cul type=\"circle\"\u003e\n\u003cli\u003eIntroduction to the Financial System\u003c\/li\u003e\n\u003cul type=\"square\"\u003e\n\u003cli\u003eMarkets (money, capital, forex, credit, insurance), Market Infrastructure Institutions (depositories, exchanges, clearing corporations, Social Stock Exchange), intermediaries, and securities\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003cli\u003eRegulatory Framework — General View\u003c\/li\u003e\n\u003cul type=\"square\"\u003e\n\u003cli\u003eSEBI, RBI, IRDAI, PFRDA, IFSCA; ROC, EOW, FIU-India; SAT; SROs; legislative framework and taxation of securities\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003cli\u003eIntroduction to Compliance\u003c\/li\u003e\n\u003cul type=\"square\"\u003e\n\u003cli\u003eThe compliance function and obligations under the SEBI (CAPSM) Regulations 2007\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003cli\u003eSEBI Act 1992\u003c\/li\u003e\n\u003cul type=\"square\"\u003e\n\u003cli\u003eSalient features, powers and functions of SEBI\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003cli\u003eSCRA 1956 \u0026amp; SCRR 1957\u003c\/li\u003e\n\u003cul type=\"square\"\u003e\n\u003cli\u003eContracts, membership eligibility, penalties, special courts\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003cli\u003eSEBI (Intermediaries) Regulations 2008\u003c\/li\u003e\n\u003cul type=\"square\"\u003e\n\u003cli\u003eGeneral obligations, inspection and disciplinary proceedings, action on default, code of conduct, ODR, cyber security \u0026amp; resilience, and AI \u0026amp; ML compliance\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003cli\u003eSEBI (Prohibition of Insider Trading) Regulations 2015\u003c\/li\u003e\n\u003cul type=\"square\"\u003e\n\u003cli\u003eUPSI, trading window, contra-trade restrictions, code of conduct, and the role of the compliance officer\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003cli\u003eSEBI (PFUTP) Regulations 2003      \u003c\/li\u003e\n\u003cul type=\"square\"\u003e\n\u003cli\u003eFraudulent and unfair trade practices and investigation\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003cli\u003ePrevention of Money Laundering Act 2002\u003c\/li\u003e\n\u003cul type=\"square\"\u003e\n\u003cli\u003ePMLA highlights and the SEBI Master Circular on AML\/CFT guidelines\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003cli\u003eSEBI (KYC Registration Agency) Regulations 2011\u003c\/li\u003e\n\u003cul type=\"square\"\u003e\n\u003cli\u003eRegistration, functions\/obligations, code of conduct, and IPV guidelines\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/ul\u003e\n\u003cli\u003e\u003cstrong\u003ePart B — Understanding Intermediary-Specific Regulations\u003c\/strong\u003e\u003c\/li\u003e\n\u003cul type=\"circle\"\u003e\n\u003cli\u003eSEBI (Foreign Portfolio Investors) Regulations 2019\u003c\/li\u003e\n\u003cul type=\"square\"\u003e\n\u003cli\u003eEligibility, categories, DDP, investment conditions, Offshore Derivative Instruments, and code of conduct\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003cli\u003eSEBI (Stock Brokers) Regulations 2025\u003c\/li\u003e\n\u003cul type=\"square\"\u003e\n\u003cli\u003eIncluding Direct Market Access, algorithmic trading, margin trading, authorised persons, underwriting by stockbrokers, and SEBI (Portfolio Managers) Regulations 2020\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003cli\u003eSEBI (Merchant Bankers) Regulations 2025, SEBI (SAST) Regulations, 2011 \u0026amp; SEBI (Bankers to an Issue) Regulations 1994\u003c\/li\u003e\n\u003cli\u003eSEBI (ICDR) Regulations 2018\u003c\/li\u003e\n\u003cul type=\"square\"\u003e\n\u003cli\u003eIPOs and rights issues, advisory and underwriting roles, due diligence and general obligations of merchant bankers\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003cli\u003eDepositories Act 1996\u003c\/li\u003e\n\u003cul type=\"square\"\u003e\n\u003cli\u003eRights\/obligations, enquiry and inspection\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003cli\u003eSEBI (Depositories and Participants) Regulations 2018\u003c\/li\u003e\n\u003cul type=\"square\"\u003e\n\u003cli\u003eDP registration, rights\/obligations, default, code of conduct\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003cli\u003eSEBI (Registrar to an Issue and Share Transfer Agents) Regulations 2025\u003c\/li\u003e\n\u003cul type=\"square\"\u003e\n\u003cli\u003eObligations, code of conduct, investor charter\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003cli\u003eSEBI (Research Analyst) Regulations 2014\u003c\/li\u003e\n\u003cul type=\"square\"\u003e\n\u003cli\u003eConflicts of interest, records, compliance officer\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003cli\u003eSEBI (Investment Advisers) Regulations 2013\u003c\/li\u003e\n\u003cul type=\"square\"\u003e\n\u003cli\u003eRisk profiling\/suitability, disclosures, advisory–distribution segregation, IFSC guidelines\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003cli\u003eSEBI (Debenture Trustees) Regulations 1993\u003c\/li\u003e\n\u003cul type=\"square\"\u003e\n\u003cli\u003eCapital adequacy, responsibilities, monitoring\/disclosure\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003cli\u003eSEBI (Credit Rating Agencies) Regulations 1999\u003c\/li\u003e\n\u003cul type=\"square\"\u003e\n\u003cli\u003eRating process and governance, confidentiality, record-keeping, ESG Rating Providers\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003cli\u003eSEBI (Custodian) Regulations 1996\u003c\/li\u003e\n\u003cul type=\"square\"\u003e\n\u003cli\u003eRegistration, obligations, dispute resolution, investor charter\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003cli\u003eProxy Advisors\u003c\/li\u003e\n\u003cul type=\"square\"\u003e\n\u003cli\u003eImpact on corporate governance, procedural guidelines, grievance redressal\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/ul\u003e\n\u003cli\u003eA closing Annexure lists the SEBI-mandated NISM certifications under the SEBI (CAPSM) Regulations 2007\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003cp\u003eThe workbook is organised into two parts, with a consistent chapter format throughout.\u003c\/p\u003e\n\u003cul type=\"disc\"\u003e\n\u003cli\u003e\u003cstrong\u003eTwo-part Structure\u003c\/strong\u003e\u003c\/li\u003e\n\u003cul type=\"circle\"\u003e\n\u003cli\u003ePart A | Generic Foundation — Grounds candidates in India's financial and regulatory structure, the meaning and importance of compliance, and the cross-cutting laws (SEBI Act, SCRA\/SCRR, Insider Trading, FUTP, PMLA, KRA) that apply across all intermediaries\u003c\/li\u003e\n\u003cli\u003ePart B | Intermediary-specific — Drills into the specific rules governing each category of intermediary\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003cli\u003e\u003cstrong\u003eConsistent Chapter Architecture\u003c\/strong\u003e\u003c\/li\u003e\n\u003cul type=\"circle\"\u003e\n\u003cli\u003eOpens with Learning Objectives\u003c\/li\u003e\n\u003cli\u003eDevelops the regulation through clearly numbered sub-sections\u003c\/li\u003e\n\u003cli\u003eTypically, it culminates in the relevant Code of Conduct and the role of the Compliance Officer\u003c\/li\u003e\n\u003cli\u003eOften illustrates application through real SEBI case studies\u003c\/li\u003e\n\u003cli\u003eCloses with a review question set (every chapter ends with one)\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/ul\u003e","brand":"Taxmann","offers":[{"title":"Default Title","offer_id":40803326689361,"sku":"","price":672.0,"currency_code":"INR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0574\/5534\/5745\/files\/SecuritiesInterCompliance-Nonfund_1c305204-d628-4c17-b9cf-161b1328547c.jpg?v=1783165057","url":"https:\/\/buytestseries.in\/products\/taxmanns-securities-intermediaries-compliance-non-fund-book-by-national-institute-of-securities-markets","provider":"BuyTestSeries.in","version":"1.0","type":"link"}