Complete Guide to NISM Series VI: Depository Operations Certification Examination

NISM Series VI: Depository Operations Certification Examination

The NISM Series VI: Depository Operations Certification Examination is designed to establish a minimum knowledge benchmark for individuals engaged in various roles within the depository operations of the securities market. This certification is essential for those employed by registered depository participants, particularly in roles involving:

• Client Interaction: Dealing or interacting with clients.
• Securities Handling: Managing securities of clients.
• Investor Grievance Management: Handling redressal of investor grievances.
• Risk Management: Engaging in internal control or activities related to operational risk.
• Record Maintenance: Maintaining books and records pertaining to these activities.

The NISM Series VI: Depository Operations Certification Examination aims to improve the quality of services provided by Depository Participants, ensuring they meet industry standards and regulatory requirements.

Who Can Take the NISM Series VI: Depository Operations Certification Examination?

The NISM Series VI: Depository Operations Certification Examination is ideal for:

• Depository Participants: Employees working with registered depository participants who are involved in securities handling, client interactions, and risk management.
• Compliance Officers: Professionals responsible for ensuring that depository participants comply with regulatory frameworks and maintain operational integrity.
• Client Service Executives: Individuals who interact with clients regarding their securities and manage their accounts.
• Risk Management Professionals: Those involved in managing and mitigating operational risks within depository operations.
• Students and Fresh Graduates: Individuals looking to start a career in depository operations and seeking to gain a recognized certification in this field.

Eligibility for NISM Series VI: Depository Operations Certification Examination

There are no strict educational prerequisites for the NISM Series VI: Depository Operations Certification Examination, making it accessible to a wide range of candidates. However, it is best suited for:

• Individuals with an interest in finance or related fields.
• Those looking to start or build a career in depository operations.

Benefits of Passing the NISM Series VI: Depository Operations Certification Examination

Passing the NISM Series VI: Depository Operations Certification Examination offers several key benefits:

• Career Advancement: This certification is recognized by the industry and is essential for those looking to work in depository operations, ensuring compliance with SEBI regulations.
• Enhanced Credibility: Holding this certification adds to your professional credibility, demonstrating your knowledge and understanding of depository operations.
• Regulatory Compliance: The certification ensures that you meet the regulatory requirements set by SEBI for depository participants.
• Professional Growth: The certification provides a solid foundation in depository operations, risk management, and the legal framework, which is crucial for career advancement.
• Improved Client Service: With the knowledge gained from this certification, you will be better equipped to manage client securities, address grievances, and maintain accurate records.

Examination Objectives of NISM Series VI: Depository Operations Certification Examination

On successful completion of the NISM Series VI: Depository Operations Certification Examination, the candidate should:

• Understand the Basics: Know the basics of the Indian securities market and the depository system, including the need for depositories and key features of the depository system in India.
• Learn the Institutional Structure: Understand the institutional structure of the depository system in India and the business partners of a depository.
• Grasp the Regulatory Framework: Learn about the regulatory framework in which the depositories and their Depository Participants (DPs) function, including eligibility criteria, registration procedures, and the rights and obligations of DPs.
• Know the Functions of Depositories: Understand the various functions of depositories and their participants, such as dematerialisation, trading and settlement, and pledging and hypothecation.
• Familiarize with Account Procedures: Understand how a demat account is opened, the documents required, and the significance of Power of Attorney (POA).

Assessment Structure of NISM Series VI: Depository Operations Certification Examination

The NISM Series VI: Depository Operations Certification Examination consists of 100 questions of 1 mark each, to be completed in 2 hours. The passing score is 60%, with a negative marking of 25% for each incorrect answer.

Examination Structure and Syllabus of NISM Series VI: Depository Operations Certification Examination

How to Register and Take the NISM Series VI: Depository Operations Certification Examination

To find out more and register for the NISM Series VI: Depository Operations Certification Examination, please visit www.nism.ac.in.

Important Information for NISM Series VI: Depository Operations Certification Examination

• Software Proficiency: Test centers are equipped with workstations that have either Microsoft Excel or OpenOffice Calc. Candidates should be proficient in using these tools for numerical computations.
• Sample Questions: The sample questions and examples provided in the workbook are for reference only. The actual examination may vary in difficulty.

Preparation Strategy for NISM Series VI: Depository Operations Certification Examination

To excel in the NISM Series VI: Depository Operations Certification Examination, a well-structured preparation strategy is essential. Here’s how you can prepare effectively:

1. Understand the Syllabus: Start by thoroughly reviewing the syllabus and focusing on units with higher weightage to prioritize your study time.

2. Use Study Materials: Utilize the official NISM study materials and reference books that cover the entire syllabus of the NISM Series VI: Depository Operations Certification Examination.

3. Practice with Mock Tests: Regular practice is crucial. Use platforms like MyOnlinePrep to access mock tests specifically designed for the NISM Series VI: Depository Operations exam. These tests will help you get familiar with the exam pattern and identify areas that need improvement.

4. Review Sample Questions: Go through sample questions available in the study materials and on MyOnlinePrep. This will help you understand the types of questions you might encounter in the NISM Series VI: Depository Operations exam.

5. Regular Revision: Consistent revision is key to retaining what you've learned. Make sure to revisit all the units regularly as part of your NISM Series VI: Depository Operations exam preparation.

6. Stay Updated: Keep yourself informed about the latest developments in the depository operations and securities market, as changes in regulations and market trends can be reflected in the NISM Series VI: Depository Operations exam.

Passing the NISM Series VI: Depository Operations Certification Examination is crucial for those aiming to enhance their understanding and competence in depository operations, ensuring compliance with regulatory standards and improving the quality of services provided by depository participants.

FAQs for NISM Series VI: Depository Operations Certification Examination

Q1: Who should take this exam?
A1: Ideal for depository participants, compliance officers, client service executives, risk management professionals, and fresh graduates.

Q2: What are the eligibility criteria?
A2: No specific educational prerequisites; open to anyone interested in depository operations.

Q3: What are the benefits of passing this exam?
A3: Enhances credibility, career opportunities, ensures SEBI compliance, and provides a solid foundation in depository operations.

Q4: What is the exam structure?
A4: 100 questions, 2 hours, 60% passing score, with 25% negative marking for wrong answers.

Q5: How can I prepare?
A5: Use NISM study materials, practice mock tests on MyOnlinePrep, and regularly revise key topics.

Q6: How do I register?
A6: Register online at www.nism.ac.in.

Q7: What skills will I gain?
A7: Knowledge of the securities market, depository systems, regulatory frameworks, and account management.

Q8: Are there study resources available?
A8: Yes, NISM provides study materials and sample questions to aid in preparation.