Nism X Taxmann S Mutual Fund Distributors Understanding Mutual Fund Fundamentals Regulations Best Distribution Practices Aligned With Sebi S Benchmarks Enhanced By Industry Backed Insights

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Nism X Taxmann S Mutual Fund Distributors Understanding Mutual Fund Fundamentals Regulations Best Distribution Practices Aligned With Sebi S Benchmarks Enhanced By Industry Backed Insights

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Author : NISM (An Educational Initiative of SEBI)
language : en
Publisher: Taxmann Publicaions Private Limited
Release Date : 2025-03-17

Nism X Taxmann S Mutual Fund Distributors Understanding Mutual Fund Fundamentals Regulations Best Distribution Practices Aligned With Sebi S Benchmarks Enhanced By Industry Backed Insights written by NISM (An Educational Initiative of SEBI) and has been published by Taxmann Publicaions Private Limited this book supported file pdf, txt, epub, kindle and other format this book has been release on 2025-03-17 with Law categories.

The Mutual Fund Distributor workbook offers a structured and comprehensive understanding of mutual fund concepts, regulatory frameworks, and best practices for distribution. It is tailored to empower the readers with the critical knowledge needed to navigate the mutual fund landscape effectively, blending foundational investment principles with current regulatory guidelines in India. This book is intended for the following audience: • Aspiring Mutual Fund Distributors – Individuals seeking to become mutual fund distributors or those who want to clear the NISM Mutual Fund Distributors Certification Examination • Employees of AMCs and Distribution Houses – Professionals working in asset management companies (AMCs) and entities involved in mutual fund sales and distribution • Financial Advisors and Planners – Advisors who wish to expand their knowledge base, improve client service, and stay updated on regulatory aspects of mutual fund distribution • Students and Researchers – Anyone aiming to build a career in financial services or seeking structured knowledge of the Indian mutual fund domain The Present Publication is the December 2024 Workbook Version, developed in collaboration with the Certification Team of NISM and Mr Sundar Sankaran, Ms Sunita Abraham, Mr Amit Trivedi, and Mr Joydeep Sen. It is published exclusively by Taxmann, with the following noteworthy features: • [Aligned to NISM Certification Requirements] Developed to meet the learning objectives and knowledge benchmarks mandated by the Securities and Exchange Board of India (SEBI) for mutual fund distributors • [Comprehensive Coverage] Covers all essential aspects: from the basics of mutual funds, distribution channels, risk and performance metrics to the legal and regulatory frameworks • [Lucid and Focused Content] Presents concepts in an easy-to-understand language, supplemented by relevant examples, case studies, and illustrations • [Industry-endorsed and Reviewed] Developed by NISM in consultation with industry experts and resource persons, ensuring up-to-date and reliable information • [Practical Insights] Includes explanations of investor services, distribution practices, taxation, and KYC requirements, making it a practical guide for everyday use The coverage of the book is as follows: • Investment Landscape o Explores the concept of savings vs. investments, major asset classes, investment risks, risk management strategies, behavioural biases in investment, and the importance of professional help vs. DIY investing • Concept and Role of a Mutual Fund o Provides foundational knowledge of mutual funds: how they are structured, types of schemes, and the role of mutual funds within the broader financial market • Legal Structure of Mutual Funds in India o Discusses the distinct entities that constitute a mutual fund (sponsor, trustee, AMC, etc.) and outlines their respective roles and responsibilities • Legal and Regulatory Framework o Details SEBI's role, regulations affecting mutual funds, and the due diligence process for distributors, as well as guidelines and grievance redress mechanisms • Scheme Related Information o Explains mandatory and non-mandatory disclosures, fund factsheets, and helps readers understand how to interpret scheme-related documents • Fund Distribution and Channel Management Practices o Covers different types of distributors, modes of distribution, commission structures, and best practices in channel management • Net Asset Value, Total Expense Ratio and Pricing of Units o Guides on fair valuation, NAV computation, pricing of units, and the impact of entry/exit loads on NAV • Taxation o Simplifies the income-tax implications for investors, including capital gains, dividends (IDCW option), Securities Transaction Tax, and Section 80C benefits • Investor Services o Explains operational aspects: NFO processes, KYC requirements, systematic transactions (SIP, SWP, STP), cut-off timing, and handling non-financial transactions • Risk, Return, and Performance of Funds o Introduces different risk measures, factors affecting fund performance, and how to interpret fund returns • Mutual Fund Scheme Performance o Focuses on performance benchmarks, price vs. total return indices, tracking error, and how fund managers' performance is measured • Mutual Fund Scheme Selection o Guides on matching schemes to investor needs, analysing risk levels, and comparing schemes across fund houses based on strategy and performance The structure of the book is as follows: • Introductory Chapters – Provide the basics and the broader context, including how mutual fund distribution fits into the financial sector • Core Chapters – Delve deeper into advanced topics like regulatory frameworks, fund accounting, valuation, sales practices, and compliance requirements • Practical & Operational Chapters – Give step-by-step guidelines to execute everyday tasks such as KYC, filling out application forms, and systematic investment plans • Appendices & Resources – Include relevant codes of conduct (AMFI Code of Ethics, AMFI Code of Conduct for Intermediaries), additional reading resources, and reference materials for deeper study

Nism X Taxmann S Mutual Fund Foundation Exhaustive Guide On Sales Distribution And Support Services For Financial Advisors Focusing On Scheme Evaluation And Product Recommendation

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Author : NISM (An Educational Initiative of SEBI)
language : en
Publisher: Taxmann Publications Private Limited
Release Date : 2024-02-07

Nism X Taxmann S Mutual Fund Foundation Exhaustive Guide On Sales Distribution And Support Services For Financial Advisors Focusing On Scheme Evaluation And Product Recommendation written by NISM (An Educational Initiative of SEBI) and has been published by Taxmann Publications Private Limited this book supported file pdf, txt, epub, kindle and other format this book has been release on 2024-02-07 with Law categories.

The book is a comprehensive guide on sales, distribution, and support services in the mutual fund industry. It covers mutual funds' basics, roles, structures, types, accounting, valuation, taxation, and distribution Designed specifically to aid financial advisors, the book emphasizes understanding mutual funds and using this knowledge to develop and maintain client relationships. It will also benefit all those who want to understand the Indian mutual fund industry better. This book also advocates for financial planning as a key investment approach in mutual funds. It discusses the concept of: • Scheme Evaluation – It discusses how to evaluate various mutual fund schemes. • Recommendation of Products and Services – Guidance is provided on recommending suitable products and services to investors and prospective investors. The Present Publication is the October 2023 workbook version, published exclusively by Taxmann for NISM Certification Examination V-B [Mutual Fund Foundation], with the following noteworthy features: • [Know the Basics] A section that provides an in-depth understanding of mutual funds, including their roles, structures, and different types of schemes. • [Know How Mutual Funds are Distributed] This part discusses the distribution of mutual funds in the market, including evaluating schemes and recommending suitable schemes to prospective investors. • [Know the Rules and Regulations] It covers the regulatory framework related to distributing mutual fund products, an important aspect for professionals in the industry. The structure of this book is as follows: • Introduction to Mutual Funds o Investment Landscape – Insights on investment basics, different asset classes, financial needs, financial goals, and the role of mutual funds in achieving these goals o Concept and Role of a Mutual Fund – Discusses the concept, classification, and growth of mutual funds, particularly in India • Structural Insights o Legal Structure of Mutual Funds in India – Discusses the structure, key constituents, organization of asset management companies, and the roles of various service providers and AMFI • Products and Distribution o Mutual Fund Products for New Distributors – Covers mutual fund products specific to new distributors, including various schemes like liquid, index funds, diversified equity schemes, retirement benefits, and fixed maturity plans o Scheme-Related Information – Details mandatory and non-mandatory disclosures in mutual funds o Fund Distribution and Channel Management Practices – Focuses on the role of mutual fund distributors, types, modes of distribution, prerequisites, revenue models, and regulatory aspects • Performance and Taxation o Performance of Mutual Funds – Discusses the calculation of returns, concept of loads, risk in mutual fund investments, and risk-adjusted returns. o Taxation – Covers taxation aspects, including capital gains, dividend income, stamp duty, securities transaction tax, and tax benefits related to mutual funds • Investor Services o Investor Services – Provides information on the NFO process, investment plans and services, allotment of units, account statements, KYC requirements, and operational aspects of mutual fund transactions • Legal and Regulatory Framework o Legal and Regulatory Environment – Explores the role of SEBI, investor grievance redressal, and codes of conduct and ethics in mutual funds • Appendices o Includes formats for scheme information documents, statement of additional information, key information memorandum, and AMFI's code of ethics and conduct

Nism X Taxmann S Portfolio Managers Blending Foundational Knowledge Advanced Theories Regulatory Insights Practical Examples Empowering Professionals Aspirants To Excel In Pms Operations

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Author : NISM (An Educational Initiative of SEBI)
language : en
Publisher: Taxmann Publications Private Limited
Release Date : 2025-01-18

Nism X Taxmann S Portfolio Managers Blending Foundational Knowledge Advanced Theories Regulatory Insights Practical Examples Empowering Professionals Aspirants To Excel In Pms Operations written by NISM (An Educational Initiative of SEBI) and has been published by Taxmann Publications Private Limited this book supported file pdf, txt, epub, kindle and other format this book has been release on 2025-01-18 with Law categories.

The Portfolio Managers workbook provides an in-depth and systematic exploration of the concepts, regulations, and best practices in Portfolio Management Services (PMS). It equips professionals and learners with the knowledge essential to understand the PMS landscape effectively. The content seamlessly combines foundational investment knowledge, advanced theoretical frameworks, and a thorough exposition of India's regulatory environment. This book will be helpful for the following: • Portfolio Managers & PMS Employees – Principal officers, analysts, and frontline staff who require a solid grounding in PMS operations, compliance, and client interactions • Market Practitioners & Investors – Financial advisors, investment consultants, and discerning investors seeking clarity on portfolio construction, risk management, and performance evaluation. • Aspiring Professionals & Students – Those preparing for the NISM Certification Examination XXI-B or looking to broaden their understanding of securities markets, asset allocation, and modern portfolio theory The Present Publication is the December 2024 workbook version, developed by Dr Rachana Baid (Professor at NISM) and reviewed by Dr Kishore Rathi and Dr Kameshwar Rao (NISM Resource Persons). It is published exclusively by Taxmann for NISM Certification Examination XXI-B [Portfolio Managers], with the following noteworthy features: • [Comprehensive Content] o Covers everything from investment basics to advanced portfolio construction, highlighting the role and responsibilities of a portfolio manager o Provides a thorough explanation of fixed income, equities, derivatives, and mutual funds. • [Regulatory & Compliance Insight] o Offers an in-depth understanding of relevant SEBI regulations, governance, tax implications, and ethical considerations specific to portfolio managers o Equips readers to manage compliance challenges adeptly • [Practical & Applied Approach] o Incorporates examples, illustrative case studies, and best practices to make the concepts easily comprehensible o Emphasises operational facets of PMS, including client onboarding, performance measurement, fees, disclosures, and grievance redressal • [Advanced Theoretical Frameworks] o Delivers clear explanations of modern portfolio theory, capital market theory, behavioural finance, and concepts of market efficiency o Explains crucial models and methods to analyse and optimise portfolios in a dynamic investment environment • [Performance Evaluation & Reporting] o Guides readers on quantitative and qualitative techniques for evaluating portfolio performance, risk-adjusted returns, and benchmark comparisons o Details the adoption of global performance measurement standards such as GIPS® The detailed contents of the book are as follows: • Foundational Investment Knowledge – Distinguishes between investment and speculation, explains objectives and outlines various investment channels • Securities Markets Overview – Examines the structure of primary and secondary markets, detailing the roles of diverse market participants • Equity & Fixed Income – Outlines the risks and return prospects of equity and bonds, along with valuation and technical/fundamental analysis methods • Derivatives & Mutual Funds – Demonstrates the strategic use of derivatives in hedging and portfolio optimisation; elucidates mutual fund structure and benefits • Role & Operations of Portfolio Managers – Clarifies registration requirements, types of services, client onboarding, disclosure norms, and day-to-day operational procedures • Portfolio Management Process – Provides insights into asset allocation, correlation across different asset classes, portfolio rebalancing, and tactical vs. strategic allocation • Taxation & Regulatory Norms – Summarises tax treatments across varied income streams and relevant SEBI guidelines, insider trading prohibitions, and anti-money laundering regulations • Market Efficiency & Indices – Investigates index methodologies, significance of market efficiency, random walk theory, market anomalies, and their portfolio implications • Behavioural Finance & Modern Portfolio Theory – Discusses biases, heuristics, and the development of efficient frontiers for optimising portfolio returns • Risk Management & Performance Evaluation – Explores different types of risk, measurement and mitigation strategies, performance attribution analysis, benchmarking, and global best practices

Nism X Taxmann S Securities Intermediaries Compliance Non Fund Compendium Of Important Regulations For The Compliance Officers Working With Various Intermediaries In The Securities Markets

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Author : NISM (An Educational Initiative of SEBI)
language : en
Publisher: Taxmann Publications Private Limited
Release Date : 2024-01-31

Nism X Taxmann S Securities Intermediaries Compliance Non Fund Compendium Of Important Regulations For The Compliance Officers Working With Various Intermediaries In The Securities Markets written by NISM (An Educational Initiative of SEBI) and has been published by Taxmann Publications Private Limited this book supported file pdf, txt, epub, kindle and other format this book has been release on 2024-01-31 with Law categories.

This book is a comprehensive guide covering all significant regulations pertinent to the securities markets, encompassing the SEBI Act, SCRA, SCRR, PMLA, Insider Trading, FUTP, and more. 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 is an invaluable resource for anyone involved in the compliance sector of the securities markets, offering in-depth knowledge and a comprehensive overview of the regulatory landscape. The Present Publication is the January 2023 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: o Knowledge of the Financial Intermediaries o 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 Compliance 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 – Understanding Financial Structure in India o Introduction to the Financial System – Explores the essential elements of the financial system, including financial intermediaries, securities, and their roles o Regulatory Framework | General View – Discusses the overall regulatory system governing the financial markets in India, including the role of financial market regulators, other financial agencies, appellate authorities, the legislative framework, and the International Financial Services Centre (IFSC) o Introduction to Compliance – Covers the basics of compliance, specifically focusing on compliance requirements under the SEBI (CAPSM) Regulations, 2007 o Securities and Exchange Board of India Act, 1992 – Details the salient features of the SEBI Act, 1992 o Securities Contracts Regulation – Examines the Securities Contracts (Regulation) Act, 1956, and the Securities Contracts (Regulation) Rules, 1957 o SEBI (Intermediaries) Regulations, 2008 – Provides insights into the general obligations of intermediaries, inspection and disciplinary proceedings, actions in case of default, and the code of conduct o SEBI (Prohibition of Insider Trading) Regulations, 2015 – Focuses on insider trading regulations, including the role of the compliance officer and the code of conduct o Prevention of Fraudulent and Unfair Trade Practices – Discusses regulations related to preventing fraudulent and unfair practices in the securities market and includes topics on investigation methods o Prevention of Money Laundering Act, 2002 – Highlights the main points of the PMLA, 2002, and SEBI's circular on Anti-Money Laundering/Counter Financing of Terrorism (AML/CFT) o SEBI (KYC Registration Agency) Regulations, 2011 – Discusses the registration and obligations of KYC Registration Agencies (KRAs), including guidelines for intermediaries and in-person verification • Part B – Understanding Intermediary-Specific Regulations o SEBI (Foreign Portfolio Investors) Regulations, 2019 – Details regulations pertaining to foreign portfolio investors, including eligibility criteria, investment conditions, and code of conduct o SEBI (Stock Brokers) Regulations, 1992 – Covers various aspects of stock brokerage regulations, including direct market access, algorithmic trading, margin trading, and underwriting activities o SEBI (Merchant Bankers) Regulations, 1992 – Focuses on merchant banking regulations, substantial acquisition of shares, and takeovers o SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 – Discusses the applicability of ICDR regulations, IPOs, rights issues, and the roles and responsibilities of merchant bankers o Depositories Act, 1996 – Covers the introduction, rights and obligations of depositories, enquiry and inspection procedures, and miscellaneous issues o SEBI (Depositories and Participants) Regulations, 2018 – Details registration, rights, obligations, and the code of conduct for depository participants o SEBI (Registrar to an Issue and Share Transfer Agents) Regulations, 1993 – Focuses on the roles, general obligations, and code of conduct for registrars to an issue and share transfer agents o SEBI (Research Analyst) Regulations, 2014 – Highlights the responsibilities, record maintenance, and role of the compliance officer for research analysts o SEBI (Investment Advisers) Regulations, 2013 – Discusses the general responsibilities, risk profiling, client-level segregation, and code of conduct for investment advisers o SEBI (Debenture Trustees) Regulations, 1993 – Details registration, responsibilities, code of conduct, and monitoring requirements for debenture trustees o SEBI (Credit Rating Agencies) Regulations, 1999 – Covers the registration, general obligations, appointment of compliance officers, and code of conduct for credit rating agencies o SEBI (Custodian) Regulations, 1996 – Discusses custodian services, registration, obligations, and the code of conduct for custodians. o Proxy Advisors – Provides an overview of the impact of proxy advisors on corporate governance, internal controls, procedural guidelines, and grievance redressal mechanisms

Taxmann S Analysis Amended Mutual Fund Norms Strengthening Transparency Governance And Investor Protection In Mf Industry

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Author : Taxmann
language : en
Publisher: Taxmann Publications Private Limited
Release Date : 2023-06-30

Taxmann S Analysis Amended Mutual Fund Norms Strengthening Transparency Governance And Investor Protection In Mf Industry written by Taxmann and has been published by Taxmann Publications Private Limited this book supported file pdf, txt, epub, kindle and other format this book has been release on 2023-06-30 with Law categories.

The Securities and Exchange Board of India (SEBI) plays a crucial role in regulating and supervising the securities market in the country. SEBI frequently introduces amendments to its regulations in its continuous efforts to enhance transparency, protect investors' interests, and promote the healthy functioning of the mutual fund industry. The SEBI vide. Notification No. SEBI/LAD-NRO/GN/2023/134, dated June 26, 2023, has introduced amendments to the SEBI (Mutual Funds) Regulations, 1996. The key amendment includes: ‣ Introduction of new definitions of 'Liquid Net Worth' and 'Net Asset Value' ‣ Introduction of new meeting requirement for the BODs of trustee companies and asset management companies, including their committees; ‣ Revised Eligibility Criteria for Sponsors; redefines the meaning of 'soundtrack record' etc. This article analyses the key amendments issued by SEBI and examines their potential impact on the market.

Nism X Taxmann S Taxation In Securities Markets Guide For Income Tax Gst Implications Of 30 Securities Market Transactions Relevant To Traders Investors And Various Market Intermediaries

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Author : NISM (An Educational Initiative of SEBI)
language : en
Publisher: Taxmann Publications Private Limited
Release Date : 2023-08-01

Nism X Taxmann S Taxation In Securities Markets Guide For Income Tax Gst Implications Of 30 Securities Market Transactions Relevant To Traders Investors And Various Market Intermediaries written by NISM (An Educational Initiative of SEBI) and has been published by Taxmann Publications Private Limited this book supported file pdf, txt, epub, kindle and other format this book has been release on 2023-08-01 with Law categories.

This book provides complete information about the Income-tax & GST implications of the securities market transactions covering 30+ securities. This book is divided into three sections, covering provisions applicable to traders, & investors: • Introduction to Securities Markets and Securities • Provisions in Respect of Investors • Provisions in Respect of Traders This book will also benefit all those who want to learn about the taxation concepts and aspects relating to the products and intermediaries of the Securities Markets. The Present Publication is the August 2023 workbook version, authored & published exclusively by Taxmann for NISM Certification Examination XX [Taxation in Securities Markets], with the following noteworthy features: • [Know the Basics] of the Indian Securities Market-Structure, Participants, Products and Features • [Know the Basic Concepts] in Taxation, Capital Gains, Sources of Income, etc. • [Understand the Taxation of Products] available in the market viz., Equity, Debt, ESOPs, Exchange Traded Funds, Alternate Investment Funds, Real Estate Investment Trusts, Infrastructure Investment Trust and Derivative products • Taxation in the hands of the Intermediaries, Foreign Portfolio Investors, IFSC Units etc. The contents of the book are as follows: • Introduction to Securities Markets and Securities o Concepts in Taxation o Capital Gains o Income from other Sources • Provisions in Respect of Investors o Taxation of Debt Products o Taxation of Equity Products o Taxation of other Products • Provisions in Respect of Traders o Business Income o Taxation in the hands of the Intermediaries o Taxation – In the hands of the Foreign Portfolio Investor (FPIs) o Tax Implications of IFSC o Tax Provisions for Special Cases o Indirect Taxes in Securities Markets • Annexures o Maintenance of Accounts o Due Date for Filing of Income-tax Return o Penalty for Non-Compliance o Summarized Tax Table – Product-wise o Tax Rates for Assessment Year 2024-25 o Deductions under Income-tax Act o Exemptions under Income-tax Act o Tax on Transfer of Securities o Cost Inflation Index

Nism X Taxmann S Securities Operations And Risk Management Covering All Important Aspects Related To The Stock Broker Operations Starting From The Client Onboarding To The Trade Life Cycle

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Author : NISM (An Educational Initiative of SEBI)
language : en
Publisher: Taxmann Publications Private Limited
Release Date : 2024-03-04

Nism X Taxmann S Securities Operations And Risk Management Covering All Important Aspects Related To The Stock Broker Operations Starting From The Client Onboarding To The Trade Life Cycle written by NISM (An Educational Initiative of SEBI) and has been published by Taxmann Publications Private Limited this book supported file pdf, txt, epub, kindle and other format this book has been release on 2024-03-04 with Law categories.

This comprehensive book offers an in-depth analysis of the operational facets of stock brokerage, catering to individuals keen on mastering broker operations and risk management within the securities markets. It is structured to enhance understanding through a detailed examination of various critical areas, such as: • Client Onboarding • Trade Life Cycle • Compliance Requirements Related to Report Submission • Redressal of Investor Grievances Upon completing this book, readers will gain a foundational understanding of the Indian securities market, including its products, participants, and the roles they play. The book aims to establish a minimum knowledge benchmark for associated persons of registered stock brokers, trading members, and clearing members, focusing on managing assets or funds, investor grievance redressal, internal control, risk management, and operational risk aspects. The Present Publication is the January 2024 workbook version, published exclusively by Taxmann for NISM Certification Examination VII [Securities Operations and Risk Management], with the following noteworthy features: • [Know] the following in detail: o Basics of the Indian Securities Market – Explores the basics of securities, the money market, products traded in the Indian securities market, and the concept of International Financial Services Centres (IFSC) o Market Participants – Details the roles of investors, issuers, the market structure, participants, and regulators in the securities market o Securities Trade Life Cycle – Offers insights into front office, middle office, and back office operations, outlining their functions and significance • [Understanding] of the following: o Clearing Process – Explains the role of clearing corporations, clearing banks, clearing members, custodians, depositories, and the clearing process itself o Settlement Process – Covers the determination of settlement obligations, settlement of funds and securities, auction of securities, and corporate actions adjustment o Risk Management – Discusses risk management strategies, compliance, regulatory reporting, and the Core Settlement Guarantee Fund o Investor Grievances and Arbitration – Focuses on investor grievance mechanisms, online dispute resolution, and investor protection funds o Other Services Provided by Brokers – Explores IPO applications, trading of mutual fund units, portfolio management service, research reports, depository services, margin trading, and internet-based trading technologies The contents of the book are as follows: • Introduction to the Securities Market o Overview of the securities market o Insights into the money market o Exploration of products traded in the Indian securities market o Discussion on International Financial Services Centres (IFSC) • Market Participants in the Securities Market o Detailed introduction to different market participants o Roles and perspectives of investors and issuers o Overview of market structure and key participants o An in-depth look at regulators in the securities market • Introduction to the Securities Broking Operations o Detailed stages of the securities trade life cycle o Examination of front office, middle office, and back office operations • Risk Management o A comprehensive exploration of risk management strategies and practices o Discussion on compliances and regulatory reporting o Insight into the Core Settlement Guarantee Fund • Clearing Process o Introduction to the clearing process o Roles and functions of the Clearing Corporation, clearing banks, clearing members, custodians, depositories, and depository participants o Detailed explanation of the clearing process • Settlement Process o Overview of the Settlement process in securities trading o Determination and settlement of obligations, both in funds and securities o Procedures for auction and corporate actions adjustment • Investor Grievances and Arbitration o Introduction to investor grievances and arbitration mechanisms o Online resolution of disputes in the Indian securities market o Overview of the Investor Protection Fund • Other Services Provided by Brokers o Range of services offered by brokers, including IPO applications, trading of mutual fund units, and portfolio management services o Discussion on research reports, depository services, margin trading, and internet-based trading technologies

Nism S Registrars To An Issue And Share Transfer Agents Mutual Funds Covering The Roles Functions Regulatory Environment Of Rtas In Mutual Fund Issuance And Transaction Processes

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Author : NISM (An Educational Initiative of SEBI)
language : en
Publisher: Taxmann Publications Private Limited
Release Date : 2023-07-07

Nism S Registrars To An Issue And Share Transfer Agents Mutual Funds Covering The Roles Functions Regulatory Environment Of Rtas In Mutual Fund Issuance And Transaction Processes written by NISM (An Educational Initiative of SEBI) and has been published by Taxmann Publications Private Limited this book supported file pdf, txt, epub, kindle and other format this book has been release on 2023-07-07 with Law categories.

Registrars to an Issue and Share Transfer Agents – Mutual Funds seeks to create a common minimum knowledge benchmark for persons working in Registrars to an Issue and Share Transfer Agents (R&T Agent) organizations in the mutual fund R&T function to enable better quality investor service, operational process efficiency and risk controls. It also aims to enhance sales and distribution quality and enable better investor services. The Present Publication is the August 2022 workbook version, published exclusively by Taxmann for NISM Certification Examination II-B [Registrars to an Issue and Share Transfer Agents – Mutual Funds], with the following noteworthy features: • [Know the Basics] of securities and securities markets • [Understand] the role and functions of RTA in the mutual fund issuance & transaction process • [Know the Regulatory Environment] in which RTAs operate in India The detailed contents of the book are as follows: • Introduction to Securities • Characteristics of Equity Shares • Characteristics of Debt Securities • Characteristics of Other Securities • SEBI – Role and Regulations • Basics of Registrars and Transfer Agents • Registrar and Transfer Agent Regulations • Basics of Mutual Funds • Mutual Fund Structure and Constituents • Mutual Fund Products • Operational Concepts of Mutual Funds • Investors in Mutual Funds • Banking Operations in Mutual Funds • Financial Transactions • Non-Financial Transactions

Nism X Taxmann S Aml And Cft Provisions In Securities Markets Comprehensively Covers Aml Cft Concepts In Securities Market Offering In Depth Analysis Of Pmla Sebi Guidelines Case Studies

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Author : NISM (An Educational Initiative of SEBI)
language : en
Publisher: Taxmann Publicaions Private Limited
Release Date : 2025-05-06

Nism X Taxmann S Aml And Cft Provisions In Securities Markets Comprehensively Covers Aml Cft Concepts In Securities Market Offering In Depth Analysis Of Pmla Sebi Guidelines Case Studies written by NISM (An Educational Initiative of SEBI) and has been published by Taxmann Publicaions Private Limited this book supported file pdf, txt, epub, kindle and other format this book has been release on 2025-05-06 with Law categories.

AML and CFT Provisions in Securities Markets is an authoritative guide that lays down the foundational and advanced concepts around Anti-Money Laundering (AML) and Combating the Financing of Terrorism (CFT) provisions in the Indian securities market. This workbook facilitates a deep understanding of the prevention of money laundering, regulatory compliance, and the broader legal framework governing securities intermediaries. It is a core study resource for individuals preparing for the NISM Certification Examination on AML and CFT Provisions while acting as a practical reference guide for industry professionals. This book is intended for the following audience: • Aspiring Professionals and Students – Those seeking to enter the securities market industry and looking to clear the NISM AML–CFT Certification Examination • Industry Practitioners – Employees of stock exchanges, brokerages, mutual fund houses, compliance teams, and other financial intermediaries who require an in-depth understanding of AML and CFT guidelines • Compliance and Legal Teams – Legal and compliance personnel responsible for creating, implementing, or auditing AML–CFT policies within their organisations • Academicians and Researchers – Educators and researchers examining the evolving landscape of financial crime prevention and risk management in securities markets The Present Publication is the January 2025 Workbook Version, developed in collaboration with the Certification Team of NISM and Ms Monica Sachdeva & reviewed by Dr Shreyas Vyas. It is published exclusively by Taxmann, with the following noteworthy features: • [Official NISM Resource] Authored and reviewed by domain experts, ensuring alignment with the standards and requirements of the NISM certification examination • [Comprehensive Coverage] Explains key legislation, rules, and guidelines, including the Prevention of Money Laundering Act (PMLA), SEBI regulations, and related case studies • [Lucid Explanation of Concepts] Simplifies complex statutory provisions, enabling easy comprehension by readers with varying levels of familiarity with financial regulations • [Practical Guidance] Examples and case discussions illustrate how AML, CFT, and Proliferation Financing (PF) regulations apply in the daily operations of intermediaries • [Exam-focused Learning] Includes a structured syllabus outline to help readers focus on examination-specific content and prepare strategically The coverage of the book is as follows: • Foundational Concepts o Introduces AML, CFT, and Proliferation Financing (PF), their global and Indian initiatives, and the processes of money laundering • Prevention of Money Laundering Act (PMLA) o In-depth exploration of the Act's provisions, reporting obligations, and the roles of regulatory authorities such as FIU-IND and SEBI • Maintenance of Records Rules o Detailed discussion on the Prevention of Money-laundering (Maintenance of Records) Rules 2005, covering the record-keeping process and digital KYC norms • Scheduled Offences o Examination of relevant offences under various laws, including the SEBI Act and the Companies Act, highlighting how they relate to AML/CFT • Guidelines & Regulatory Framework o Anti-Money Laundering (AML) and CFT Standards o Combating the Financing of Terrorism (CFT) and Proliferation Financing (PF) o SEBI Guidelines – A comprehensive look at SEBI's frameworks for AML–CFT compliance, written AML procedures, and operational guidelines for intermediaries • Know Your Client (KYC) Norms o A step-by-step outline of KYC procedures, including online KYC apps, SARAL account opening forms, and KYC Registration Agencies • Case Studies o Practical precedents and regulatory actions (e.g., FIU-IND vs. Way2Wealth Brokers, SEBI vs. SKSE Securities, Paytm Payments Bank, etc.) providing insight into enforcement and compliance lapses The structure of the book is as follows: • Eight Thematic Chapters – Organised into Parts A and B, each delving into a specific facet of AML–CFT regulations. The chapters progress logically from foundational overviews (Chapter 1) to detailed rule-based coverage (Chapters 2 and 3), scheduled offences (Chapter 4), guidelines (Chapters 5 and 6), and KYC-specific mandates (Chapter 7). The final chapter (Chapter 8) focuses on practical case studies • Practice-oriented Approach – Flowcharts, practical examples, and recommended best practices are integrated throughout to guide practical implementation and examination readiness • Syllabus Outline & Assessment – Concludes with detailed chapter-wise weightage, ensuring learners can align their study strategy with exam requirements

Nism X Taxmann S Registrars To An Issue And Share Transfer Agents Corporate Comprehensive Guide For Rta Professionals With Practical Sops Best Practices For Efficient And Compliant Operations

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Author : NISM (An Educational Initiative of SEBI)
language : en
Publisher: Taxmann Publications Private Limited
Release Date : 2024-10-24

Nism X Taxmann S Registrars To An Issue And Share Transfer Agents Corporate Comprehensive Guide For Rta Professionals With Practical Sops Best Practices For Efficient And Compliant Operations written by NISM (An Educational Initiative of SEBI) and has been published by Taxmann Publications Private Limited this book supported file pdf, txt, epub, kindle and other format this book has been release on 2024-10-24 with Law categories.

Registrars to an Issue and Share Transfer Agents – Corporate is an all-encompassing guide that thoroughly analyses the vital role of Registrars and Transfer Agents (RTAs) in managing corporate securities and ensuring regulatory compliance for listed companies. This book is designed to establish a standardised knowledge benchmark for professionals working within RTAs, enabling them to handle a wide array of functions, including investor relations, corporate actions, and compliance management, all within the framework of SEBI (Registrars to an Issue and Share Transfer Agents) Regulations, 1993. The book provides a detailed examination of key operational processes such as handling applications for securities, managing redemptions, repurchasing shares, processing transfers and transmissions, and ensuring timely resolution of investor grievances. It also covers internal controls and risk management that RTAs must adhere to while operating in a highly regulated environment. Tailored for professionals in RTA organisations, compliance officers, corporate secretaries, and legal practitioners, this book also serves as a valuable resource for students, academicians, and anyone seeking to enhance their understanding of RTA operations and the regulatory landscape in India. The Present Publication is the February 2024 workbook version, developed in collaboration with the Certification Team of NISM and industry expert Mr Haresh Hinduja, and published exclusively by Taxmann, with the following noteworthy features: • [Comprehensive Knowledge Benchmark] Establishes a solid knowledge base for professionals working in RTAs, focusing on core responsibilities such as investor servicing, corporate actions, and managing complex compliance requirements • [Regulatory Insights] Provides a deep understanding of the legal framework governing RTAs, including SEBI regulations and investor protection measures. This ensures that professionals stay compliant while also proactively managing risks • [Practical Application] Includes practical examples and Standard Operating Procedures (SOPs) for essential tasks like share transfers, issuing duplicate certificates, and resolving investor grievances. The book serves as a day-to-day reference for RTA operations, making it highly relevant for real-world applications • [Client Servicing] Offers guidance on best practices for client servicing, with a focus on maintaining service etiquette, achieving First Time Right (FTR) standards, and implementing effective complaint resolution strategies • [Step-by-Step Guidance on Securities Issuance] Walks readers through the entire lifecycle of securities issuance, covering IPOs, buybacks, and rights issues, ensuring clarity on both pre-issue and post-issue responsibilities of RTAs • [Insights into Depository Services] Explains the critical role RTAs play in managing dematerialisation, rematerialisation, and corporate actions through depository systems, facilitating efficient and compliant operations The coverage of the book is as follows: • Introduction to Securities Markets o This chapter introduces the basics of equity and debt markets, explaining the characteristics of various securities and hybrid structures, such as convertible bonds and preference shares. It provides a solid foundation for understanding the broader securities landscape • Equity Shares and Corporate Actions o This chapter delves into the mechanics of corporate actions, including rights issues, preferential allotments, and reductions in share capital. It also covers shareholder rights, risks involved in equity investing, and the critical role RTAs play in facilitating these transactions • Debt Securities and Fixed-Income Instruments o This chapter details debt securities, detailing their features, market valuation, and yield calculations. It also discusses the broader debt market and money market instruments, providing comprehensive insights into fixed-income securities • SEBI Regulations and Investor Protection o This chapter thoroughly explores SEBI regulations related to RTAs, with special attention to the Investor Education and Protection Fund (IEPF) and SEBI's investor protection initiatives • Public Offer of Securities o This chapter covers the entire process of issuing equity capital, from IPOs and further public offers to buyback mechanisms. It also explains the critical pre-issue and post-issue processes managed by RTAs to ensure compliance and smooth operations • Depository Services and Corporate Actions o This chapter explains the functions of depository services, including dematerialisation, rematerialisation, and how RTAs manage various corporate actions like dividends and share buybacks • Investor Services and Grievance Redressal o This chapter provides a step-by-step guide to managing investor services, including the standard operating procedures (SOPs) for share transfers, issuing duplicate certificates, and handling investor grievances. It emphasises the importance of maintaining timelines and regulatory compliance • Client Servicing and Compliance Management o This chapter highlights best practices in client servicing, focusing on service etiquette, digital processing of investor requests, and timely complaint resolution. It underscores the importance of maintaining First Time Right (FTR) standards in RTA operations