Examination Overview – NISM Series VI: Depository Operations Certification
The examination seeks to create a common minimum knowledge benchmark for associated persons engaged or employed by a registered depository participant in: (a) dealing or interacting with clients, (b) dealing with securities of clients, (c) handling redressal of investor grievances, (d) internal control or risk management, (e) activities having a bearing on operational risk, or (f) maintenance of books and records pertaining to the above activities.
This certification aims to enhance the quality of services rendered by Depository Participants and improve the compliance standards and operational efficiencies in the Indian depository system.
Examination Objectives
On successful completion of the examination, the candidate should:
Know the basics of the Indian securities market and the depository system, including key features and its need in the Indian context.
Understand the institutional structure and business partners within the Indian depository framework.
Know the regulations, registration process, and compliance responsibilities of DPs under SEBI guidelines.
Understand various core functions of Depositories and DPs — dematerialisation, pledging, settlement, PoA, and account opening.
For more details, please visit the official website of
NISM.
Assessment Structure
| Component |
Details |
| Number of Questions | 100 |
| Marks per Question | 1 mark |
| Total Marks | 100 |
| Passing Criteria | 60% (60 marks) |
| Negative Marking | 25% of the marks assigned to a question |
| Exam Duration | 2 Hours |
Syllabus Outline with Weightages
| Unit No. |
Unit Name |
Weightage (%) |
| 1 | Introduction to Securities Market | 5 |
| 2 | Introduction to Depository | 10 |
| 3 | Depository and Its Business Partners | 12 |
| 4 | Functions of DP – Account Opening | 9 |
| 5 | Functions of DP – Account Operations | 5 |
| 6 | Functions of DP – Transmission & Nomination | 5 |
| 7 | Functions of DP – Dematerialisation | 9 |
| 8 | Functions of DP – Trading and Settlement | 13 |
| 9 | Functions of DP – Pledge and Hypothecation | 10 |
| 10 | Functions of DP – Corporate Action & Public Issues | 10 |
| 11 | Functions of DP – Debt and Government Securities | 10 |
| 12 | Additional Services – Foreign Portfolio Investor | 2 |
| 13 | Investor Services | 2 |
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