The examination aims to establish a standardized minimum knowledge level for individuals involved in compliance functions within SEBI-registered intermediaries, including Stock Brokers, Depository Participants, Merchant Bankers, Underwriters, Bankers to the Issue, Debenture Trustees, and Credit Rating Agencies. This certification strives to improve the quality of services provided by compliance professionals and ensures their awareness of the diverse regulations governing the Securities Market.

Examination Objectives

This examination comprises two main parts. Part ‘A’ provides a comprehensive overview, offering candidates insights into the Financial and Regulatory Structure in India, diverse regulations pertinent to intermediaries, while Part ‘B’ focuses specifically on the rules governing Stock Brokers, Depository Participants, Merchant Bankers, Underwriters, Bankers to the Issue, Debenture Trustees, and Credit Rating Agencies. Upon successful completion of the examination, candidates should:

• Grasp the financial structure in India, including knowledge of financial intermediaries and the array of products available in the Indian market.
• Comprehend the regulatory framework and the roles of various regulators within the financial system.
• Recognize the significance of compliance activities, understanding the scope and responsibilities of compliance officers in the Indian securities market.