NISM-Series-VI: Depository Operations Certification 

Mode of Delivery: Online Live Interactive + Online Self-paced Learning*

Duration: 20 Hours

Study Materials: 

• Recording available of online live sessions (for 90 days)
• PPTs (500+ slides) & Excel sheets.
• 700+ MCQs with explanation
• Quick revision summary.
• Career Guidance/Counseling

The NISM-Series-VI: Depository Operations Certification Examination establishes a foundational knowledge benchmark for associated persons employed by registered depository participants. This certification ensures proficiency in handling operations within the depository system and aims to enhance the quality of services provided by Depository Participants (DPs).

Upon successful completion of the training, candidates will:

• Comprehend the Role of Depository Participants: Understand the responsibilities and operational functions of Depository Participants within the depository system.
• Understand the Regulatory Framework: Gain knowledge of SEBI regulations, legal frameworks, and operational guidelines for depositories and DPs.
• Master Depository Functions: Learn core functions such as dematerialization, trading, settlement, and pledge/hypothecation operations.
• Know Account Management Processes: Understand account opening, maintenance, and closure processes, including POA requirements and client updates.
• Familiarize with Special Services: Acquire insights into corporate actions, debt instruments, and foreign portfolio investor operations.
• Enhance Compliance and Reporting Skills: Develop the ability to handle investor grievances and ensure adherence to regulatory and ethical standards.

Assessment Details:

· 100 MCQs of 1 mark each

· Duration: 2 hours

· Passing score: 60%

·Negative Marking: 25% of marks assigned per incorrect answer

· Certificate Validity: 3 years

* Online Self-paced contents access will be provided for 90 days to the register candidate only.

Test Objectives:

Upon passing the examination, candidates will:

• Comprehend the Role of Depository Participants: Understand the responsibilities and operational functions of Depository Participants within the depository system.
• Understand the Regulatory Framework: Gain knowledge of SEBI regulations, legal frameworks, and operational guidelines for depositories and DPs.
• Master Depository Functions: Learn core functions such as dematerialization, trading, settlement, and pledge/hypothecation operations.
• Know Account Management Processes: Understand account opening, maintenance, and closure processes, including POA requirements and client updates.
• Familiarize with Special Services: Acquire insights into corporate actions, debt instruments, and foreign portfolio investor operations.
• Enhance Compliance and Reporting Skills: Develop the ability to handle investor grievances and ensure adherence to regulatory and ethical standards.

Course Details:

• NISM exam registration fees not included in the above mention Course Fee.
• PPTs (500+ Slides) and 700+ MCQ for practice (mock exams & mock paper shared for self-practice).
• Sessions would cover doubt solving from the Mock Exams.
• Online Interactive Session for the practice on software’s required in particular module

Eligibility:

The NISM-Series-VI: Depository Operations Certification Examination is suitable for:

Associated Persons:

• Employees or partners working with depository participants in client interactions, securities handling, investor grievance redressal, risk management, and related operations.

Interested Individuals:

• Students (10th, 10+2, Under Graduates, Postgraduates) pursuing careers in finance and securities markets.
• Financial advisors and wealth managers seeking specialized knowledge in depository operations.
• Professionals aiming to deepen their understanding of the Indian securities market and its operational intricacies.

Curriculum Overview: Depository Operations Certification

I. Introduction to the Capital Market

Understand the Indian capital market, its structure, participants, and regulatory framework. Learn about the roles and responsibilities of key market intermediaries.

II. Introduction to Depository

Comprehend the need for a depository system, its benefits, and its significance in the Indian securities market. Understand the legal framework governing depositories.

III. Depository and its Business Partners

Examine the roles of depository participants (DPs), clearing corporations, issuers, and registrars/transfer agents in ensuring smooth operations.

IV. Functions of Depository Participant: Account Opening

Understand the types of accounts, including Beneficiary and Clearing Member accounts, and the process of account opening, freezing, and closure.

V. Functions of Depository Participant: Account Operations

Learn about Basic Services Demat Account (BSDA), joint accounts, and internet-based depository operations provided by NSDL and CDSL.

VI. Transmission and Nomination

Understand the process of transmission of securities and the nomination facility available for account holders.

VII. Functions of Depository Participant: Dematerialization

Explore the processes of dematerialization, dematerialization, destatementization, and restatementization of securities.

VIII. Trading and Settlement

Learn the settlement procedures for market and off-market transactions, interoperability, and mutual fund transactions.

IX. Special Services: Pledge and Hypothecation

Understand the concepts and procedures for pledging and hypothecating securities. Learn about the recording of Non-Disposal Undertakings (NDUs).

X. Public Offering and Corporate Actions

Gain knowledge of corporate actions, including dividends, splits, and bonuses. Learn the procedures for handling public issues and other corporate actions.

XI. Debt Instruments and Government Securities

Understand debt instruments like Certificates of Deposit (CDs) and Commercial Papers. Learn about the features of government securities.

XII. Foreign Portfolio Investor

Comprehend the eligibility criteria and categories of Foreign Portfolio Investors (FPIs) and their role in the Indian securities market.

XIII. Investor Services

Familiarize yourself with the redressal mechanisms for investor grievances, including the SCORES system and transfer of shares to the IEPF authority.